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Andhravodu
Kurra Bewarse
Username: Andhravodu

Post Number: 2996
Registered: 04-2017

Rating: N/A
Votes: 0

Posted on Friday, February 26, 2021 - 5:38 am:   


Medical_miracle:

house should be purchased after 2018 jan 1. itemize seyali. then you can claim this deduction


annai, ade mari

Itemize chesukuntappudu home mortgage interest + state and local tax (SALT) kalipi chesukunevallu

SALT exemption teesesi, standard deduction doubled from 6.2 to 12.4 k. So you can itemize mortgage deduction only

2 people standard deduction comes to 25k while mortgage interest may come max at 9-10k per year. Middle class will always choose standard deduction in this case vs. itemized

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