Tag Archive for: GOP tax bill

Tax Bill Passes; Advice: Defer Income; Prepay Property Taxes NOW; Move to Texas :)

A few points about the GOP’s Tax Bill Deductions: Mortgage Interest Deduction: Current homeowners will be grandfathered in and still allowed to deduct interest against $1mm of mortgage debt. Starting […]Read More

Capping Mortgage Interest Deduction to $500,000; What Does It Mean?

The GOP’s tax bill has a provision to cap the mortgage interest deduction to loan amounts of $500,000 or less. To be clear, borrowers will not be ineligible for the […]Read More