You Probably Can’t Get the Mortgage Interest Tax Deduction, So Why Should Anyone Else?
One of the changes in the 2017 tax bill was to double the standard deduction from $6,700 per person to $12,000. This had the effect of changing the number of people who itemize their tax returns from nearly a third of all taxpayers to less than 10 percent. This means that nearly 20 percent of taxpayers no longer have the advantage of using the…
