Purchased a home using a VA loan in 2022 and the loan amount exceeds $750k. I've seen conflicting information related to VA home loans and whether interest above the $750k cap is tax deductible. Does anyone have any experience with VA home loans and the $750k cap? Specifically referencing a VA loan for a primary residence where the VA funding fee was exempted due to a service-connected disability.
I don't see anything in the IRS pubs that specifically exempt VA loans from the $750k cap for loans that originated after 2017, but perhaps it's detailed elsewhere.
Thanks!
VA Loan Mortgage Interest Deductibility Cap - Does $750k Limit Apply?
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