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A taxpayer who files married filing joint has a home equity debt of $89,800 to pay off personal credit card debt. How much interest is
A taxpayer who files married filing joint has a home equity debt of $89,800 to pay off personal credit card debt. How much interest is the taxpayer able to deduct on home equity indebtedness for the current tax year? Question 97Select one: a. 100% because they can deduct up to $750,000 b. They can deduct up to $75,000 c. If there home equity debt was from before 2018 they can deduct 100%. If after, they can deduct 75% d. None of the above are correct
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