WHEN IS MORTGAGE INTEREST TAX DEDUCTIBLE? 

Kevin Brierton – 1.12.2024 CONTRARY TO POPULAR BELIEF, MORTGAGE INTEREST IS NOT ALWAYS TAX-DEDUCTIBLE. HERE’S THE INSIDE SCOOP. DO YOU ITEMIZE YOUR TAX DEDUCTIONS? You cannot take the mortgage interest deduction if you are taking the standard deduction. For 2024 tax returns, the standard deduction is $14,600 for single taxpayers, $21,900 for heads of household,…

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