You Probably Can’t Get the Mortgage Interest Tax Deduction, So Why Should Anyone Else?

Photo by Evan Dvorkin on Unsplash

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…