Statements (27)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:amendedBy |
gptkb:Tax_Cuts_and_Jobs_Act_of_2017
|
| gptkbp:appliesTo |
homeowners
primary residence second home taxpayers with qualified home loans |
| gptkbp:compatibleWith |
principal payments
rental property (for personal deduction) standard deduction filers home equity loan interest (unless used to buy, build, or improve home) |
| gptkbp:describedBy |
gptkb:Internal_Revenue_Code_Section_163(h)
|
| gptkbp:form |
gptkb:IRS_Schedule_A
|
| https://www.w3.org/2000/01/rdf-schema#label |
mortgage interest deduction
|
| gptkbp:introducedIn |
1913
|
| gptkbp:jurisdiction |
gptkb:United_States
|
| gptkbp:limitation |
$1,000,000 for loans before December 15, 2017
$750,000 for loans after December 15, 2017 |
| gptkbp:purpose |
reduce taxable income
|
| gptkbp:regulates |
gptkb:Internal_Revenue_Service
|
| gptkbp:relatedTo |
home equity loan deduction
property tax deduction state and local tax deduction |
| gptkbp:requires |
itemized deduction
|
| gptkbp:type |
interest paid on qualified home loans
|
| gptkbp:bfsParent |
gptkb:IRS_Form_1098
gptkb:Tax_Cuts_and_Jobs_Act_of_2017 |
| gptkbp:bfsLayer |
5
|