But mortgage interest is an itemized deduction, which means it only becomes a ta... | Hacker News

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		Cyph0n 9 days ago \| parent \| context \| favorite \| on: Ask HN: What trick of the trade took you too long ... But mortgage interest is an itemized deduction, which means it only becomes a tax benefit when your interest + other deductions exceed the standard deduction. And if you do take the deduction, only the delta between it the standard deduction is a benefit.

hintklb 9 days ago [–]

At this point, the so-called tax benefits are mainly a realtor talking point (the same as "Renting is throwing money away")

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