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To: 11th_VA

so does this mean up to $10,000 for mortgage interest AND up to $10,000 for state tax/personal property tax? or just total of $10,000 and that’s it?

Are charitable deductions gone?


3 posted on 12/13/2017 11:02:08 PM PST by terart
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To: terart
Mortgage Interest - fully deductible for mortgage up to 750K. (Currently $1 million - grandfathered I believe if you already have a mortgage that big).

State and Local Taxes Deduction - Max $10K for all combined.

Charity - Still Deductible, must Itemize (no change)

Child Credit - Doubles from $1K to $2K per child

4 posted on 12/13/2017 11:10:22 PM PST by 11th_VA
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