RV Loan Interest Deduction yes or no?
Hello all, I did some research and even read the actual text of the new tax law. Maybe I missed it but I have been unable to find a concise answer....So....Does anyone know if: 1. IS Second hom...
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PopBeavers wrote:stickdog wrote:troubledwaters wrote:
It's really pretty simple: interest on a maximum of $750,000 of new acquisition debt. The old number was $1.1M of debt (which is grandfathered is that is where you are at now).
Source: TaxPolicyCenter.org
$1.1M just a little less than my lifetime earnings.
:(
$1.1M will buy a tiny old house in San Francisco.
In a lot of areas here in PA 1.1 million would buy the entire block or borough!
In San Jose a nice older 3 bed 2 bath house is 800k.
In western PA away from urban areas, a nice older 3 bed 2 bath house can be found for less than 100K.
A college degree in engineering can land you a first job that starts at $70K in Silicon Valley.
A young high school dropout with a GED, who is not afraid of work and some OT can make in excess of 100K in the Marcellus gas Industry here. I wish I was 30 years younger.
Welcome to California, Financing available.
Been there for different reasons half a dozen times, you all can keep it. Nice to visit though.
