5 Tax Deductions That Will Disappear In 2019

3. A $1 Million Mortgage Interest Deduction.

Another change that could disproportionately affect those living in states such as California and New York is the restriction on the amount of mortgage interest that can be deducted. Currently, taxpayers can deduct interest on a mortgage of up to $1 million. Starting in 2018, only interest on the mortgage value capped at $750,000 will be deductible.

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