[20190108]IF11063_2019纳税申报季节（2018纳税年度）：按揭利息扣除.pdf

https:/crsreports.congress.gov Updated January 8, 20192019 Tax Filing Season (2018 Tax Year): The Mortgage Interest DeductionP.L. 115-97, often referred to as “The Tax Cuts and Jobs Act” (the “act” for this In Focus), changed how homeowners can treat mortgage interest for tax purposes starting in tax year 2018. While the mortgage interest deduction is still generally available, the revision reduced the maximum mortgage balance eligible for the deduction and restricted the deduction for interest associated with home equity loans. The law also increased the standard deduction, which will reduce how many homeowners claim the itemized deduction for mortgage interest. This In Focus explains the changes made to the mortgage interest deduction by the act and discusses the potential impact of the changes. Summary of Current Law A taxpayer may claim an itemized deduction for “qualified residence interest,” which includes interest paid on a mortgage secured by a principal residence and a second residence. The amount of interest that is deductible depends on when the mortgage debt was incurred. For mortgage debt incurred on or before December 15, 2017, the combined mortgage limit is $1 milli