Updated over 7 years ago on .
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How does Standard Deduction change affect which debt to retire?
With the increased Standard Deduction for 2018 I'm not sure if I should work towards retiring my home's mortgage, or one of my rental properties. The difference between interest rates is at most 1%.
With the tax changes it looks like next year I will opt for the standardized deduction rather than itemizing my taxes. I had planned on paying off one of my rental's mortgage with the highest interest rate. Which is 1% higher than my home's mortgage rate.
Starting to rethink if that is the best move. Has anyone else has given any thought to this?
Jared