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Home » Use of Mortgage Interest Deduction Expected to Decline Significantly in 2018 with Higher Standard Deduction
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Use of Mortgage Interest Deduction Expected to Decline Significantly in 2018 with Higher Standard Deduction

April 26, 2018
The number of taxpayers taking the mortgage interest deduction this year will decline by more than 50 percent compared with 2017, according to new estimates from the federal government. The mortgage interest deduction will be a lot less useful due to a large increase to the standard deduction.
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