Timeline for Is it unusual to pay $90,000 or more in income tax for a single person? How could this amount be minimized?
Current License: CC BY-SA 4.0
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| Feb 13, 2019 at 17:00 | comment | added | dave_thompson_085 | TCJA reduced the maximum principal on which you can deduct residential mortgage interest to $750k for mortgages after Dec. 2017; at 4-5% that's about $35k/yr max. The charity deduction limit was actually increased (to 60% AGI from 50%), but that only helps if you are willing to give away your money. | |
| Feb 12, 2019 at 21:26 | history | answered | Bill Leeper | CC BY-SA 4.0 |