Doud Realty Services, Inc

2018 H1 Tax Information

System - Wednesday, March 14, 2018

Hey I am here with my friend Donald Trump and today we are going to Talk about 2018 Tax Reform and its impact on your mortgage.

The new Law Caps the limit on deductible mortgage debt at $700,000 income iLowes taking out after December 14 interest on mortgage debt up to $1 million you got that existed before December 14 to $1 million in still interested does not exceed the amount refinanced home-equity lines are no longer eligible for the mortgage interest deduction unless the funds are being used to substantially improve the residence mortgage interest go to subject to the $750,000 limit taxpayers will continue to be able to exclude up to five dollars lived