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Bill, who became a homeowner for the first time in January of 2021, obtained a mortgage loan for $950,000. His real estate agent advised him

Bill, who became a homeowner for the first time in January of 2021, obtained a mortgage loan for $950,000. His real estate agent advised him that he could deduct home mortgage interest from his income when preparing his tax return. Now, as Bill plans ahead for the tax year, he asks about the new limitations regarding the deduction of mortgage interest. What is the best and most relevant option for Bill in 2022

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