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Retiring? Here are the pros and cons of paying off your mortgage early. – The Washington Post

Loss of mortgage interest deduction — If you itemize, you can deduct home mortgage interest on the first $750,000 ($375,000 if married filing separately). The limit is $1 million ($500,000 if married filing separately) if you are ded…….

Loss of mortgage interest deduction If you itemize, you can deduct home mortgage interest on the first $750,000 ($375,000 if married filing separately). The limit is $1 million ($500,000 if married filing separately) if you are deducting mortgage interest for a home purchased before Dec. 16, 2017.

Source: https://www.washingtonpost.com/business/2021/10/26/great-resignation-early-mortgage-payoff/

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