Originally Posted by Goatkiller
I've got no problem capping property tax at $10,000 and mortgage interest to $500k.

If you have a $600k mortgage but can only deduct interest on the first $500k who cares. If you have a $600k mortgage you can suffer through that in my opinion. To qualify for that you ain't broke Jack.


But that’s not how it works. If your mortgage is $600k, you don’t get to deduct a single dollar of mortgage interest.