Which of the Following Statements Regarding the Home Mortgage Interest

Multiple Choice

Which of the following statements regarding the home mortgage interest expense deduction is false for a single taxpayer?

A) Taxpayers may deduct all of the interest paid on up to $1,000,000 of acquisition debt if the debt occurred in January of 2017.
B) Taxpayers may deduct all of the interest paid on up to $750,000 of acquisition debt if the debt occurred in January of 2018.
C) If, in 2020, a taxpayer refinances acquisition debt that was originally incurred in January of 2017, the taxpayer may deduct the interest on up to only $750,000 of the refinanced loan.
D) None of the choices is false.