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Incentives 2017 | Home Buying

: Prior to the 2017 reform, interest on up to $100,000 of home equity debt was deductible regardless of how the funds were used.

The most significant change in 2017 was the passage of the in December, which altered long-term homeownership benefits. Mortgage Interest Deduction (MID) : home buying incentives 2017

In 2017, home buying incentives were defined by a mix of long-standing federal programs, state-level assistance, and a major shift in tax policy at the end of the year. Federal Mortgage Tax Incentives : Prior to the 2017 reform, interest on

For loans taken out , homeowners could deduct interest on up to $1 million of mortgage debt. For loans after this date, the limit dropped to $750,000 . Federal Mortgage Tax Incentives For loans taken out

Publication 936 (2025), Home Mortgage Interest Deduction - IRS

: These remained a key federal-to-state incentive, allowing qualified buyers to claim a direct federal tax credit for a portion of their annual mortgage interest. Government-Backed Loan Programs

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: Prior to the 2017 reform, interest on up to $100,000 of home equity debt was deductible regardless of how the funds were used.

The most significant change in 2017 was the passage of the in December, which altered long-term homeownership benefits. Mortgage Interest Deduction (MID) :

In 2017, home buying incentives were defined by a mix of long-standing federal programs, state-level assistance, and a major shift in tax policy at the end of the year. Federal Mortgage Tax Incentives

For loans taken out , homeowners could deduct interest on up to $1 million of mortgage debt. For loans after this date, the limit dropped to $750,000 .

Publication 936 (2025), Home Mortgage Interest Deduction - IRS

: These remained a key federal-to-state incentive, allowing qualified buyers to claim a direct federal tax credit for a portion of their annual mortgage interest. Government-Backed Loan Programs