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Realtor.com

Your Home Tax Deduction Checklist: Did You Get Them All?

By Audrey Ference

This year, you can deduct the interest from up to $1 million in mortgage debt (or $500,000 if you file singly), explains Betterment’s head of tax Eric Bronnenkant, who’s also a certified public accountant and certified financial planner. It does require itemizing deductions, but it’s worth the hassle, especially for new homeowners.

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This article originally published March 14th, 2018 on Realtor.com