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.