Math of Wealth Part 3 - Buying a House, and Credit Cards

One of the big advantages to buying a house used to be the tax deduction on interest, but not so much now because of the IRS standard deduction, which lets everyone take a $29,200 (married couples) standard deduction. Not sure why the government would do this, as it used to encourage home ownership.

[@PaulGreggBYRC]

Correction - with the new standard tax deduction, the interest on a home loan isn't as big a deals as it once was. Funny that the government took away one advantage to home ownership.