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All this simply means is that:

If you are married and file a joint return you are generally allowed to claim a deduction diagnostic and statistical manual of mental disorders dsm-v pdf up to $100,000 of the funds you borrowed.

If you file separate tax returns the limit is $50,000.

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This means is that even though you are allowed to claim up to $100,000 the IRS limits this and tells you that you can only claim interest on $20,000.

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(c) diagnostic and statistical manual of mental disorders dsm-v pdf Gelber All Rights Reserved 2007 Terry Gelber Is A Licensed New York City Taxi Driver

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