How the Mortgage Interest Deduction Really Works in 2026

In this episode of The Tax Strategy Podcast, Lucas and Luna break down the mortgage interest deduction in 2026, explaining exactly who qualifies, how the limits have changed, and why the standard deduction often makes it useless. They walk through a concrete example of a $750,000 mortgage, discuss the impact of the 2025 tax law changes, and clarify the rules for home equity debt, second homes, and refinancing. Listeners will learn how to run the numbers for their own situation, when it makes sense to itemize, and why the deduction isn't the tax break it used to be. Also covered: how the deduction interacts with state and local tax caps, and a quick tip for couples buying a home together. The episode ends with a discussion of whether the deduction is worth the complexity, and a link for listeners who want to support the show. #MortgageInterestDeduction #TaxPlanning #Homeownership #ItemizedDeductions #StandardDeduction #TaxDeductions #2026Tax #HomeEquityLoan #Refinance #SecondHome #RealEstateTax #TaxStrategy #Finance #FexingoBusiness #BusinessPodcast #TaxTips #HomeBuyer #TaxSeason Keep every episode free: buymeacoffee.com/fexingo