: 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
These programs provided low-down-payment options that functioned as primary incentives for entry-level buyers in 2017. : Prior to the 2017 reform, interest on
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
Publication 936 (2025), Home Mortgage Interest Deduction - IRS