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Californians’ Home Mortgage Deduction Would Be Capped Under New Bill
San Francisco Chronicle, Jan. 9, 2020–Alexei Koseff
The bill by Assemblyman David Chiu, D-San Francisco, would cap a state tax break for mortgages to the interest paid on the first $750,000 of a loan for a primary home. It would eliminate the deduction altogether for mortgage interest on second homes.
https://www.sfchronicle.com/politics/article/Californians-home-mortgage-deduction-would-be-14960585.php