Correction

来源: 柠檬椰子汁 2020-08-29 10:02:21 [] [博客] [旧帖] [给我悄悄话] 本文已被阅读: 0 次 (839 bytes)
回答: 关于还贷iampig2020-08-29 09:43:54

State and Local Taxes (SALT) has a upper imit of $10,000, SALT above this limit is not deductible.

Home Mortgage Interest deduction is limited to the interest of mortagage under $750,000.  The home mortgage interest deduction has no limit.  So if interest rate was 20% and your home mortgage was $100,000, the $20,000 of interest is deductible.  

Of course, the above two deduction belongs to itemized deduction, which requires the deduction to be above standard deduction to even be elected.  A standard deduction for a joint filer is 2 x 12000 = $24000.  

So assuming your SALT deduciton is $10000, and your home mortgage interest has to be more than $14000 to have itemized deduction more than $24000 of the standrd deduction.  

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