all that precedes The preceding sentence and inserting the following: (6) Limitation on individual deductions In the case of an individual— (A) no deduction shall be allowed under this chapter for foreign real property taxes paid or accrued during the taxable year, and (B) the aggregate amount of the deduction allowed under this chapter for taxes described in paragraphs (1), (2), and (3) of subsection (a) and paragraph (5) of this subsection (and any tax described in any such paragraph taken into account under section 216(a)(1)) paid or accrued by the taxpayer during the taxable year shall not exceed $10,000 ($5,000 in the case of a married individual filing a separate return). . (b) Effective date The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act. 143. Limitation on deduction for qualified residence interest (a) Interest on home equity indebtedness Section 163(h)(3)(A) is amended by striking during the taxable year on and all that follows through residence of the taxpayer. and inserting during the taxable year on acquisition indebtedness with respect to any qualified residence of the taxpayer. . (b) Limitation on acquisition indebtedness Section 163(h)(3)(B)(ii) is amended to read as follows: (ii) Limitation The aggregate amount treated as acquisition indebtedness for any period shall not exceed the excess (if any) of— (I) $750,000 ($375,000, in the case of a married individual filing a separate return), over (II) the sum of the aggregate outstanding pre-October 13, 1987, indebtedness (as defined in subparagraph (D)) plus the aggregate outstanding pre-December 15, 2017, indebtedness (as defined in subparagraph (C)). . (c) Treatment of indebtedness incurred on or before December 15, 2017 Section 163(h)(3)(C) is amended to read as follows: (C) Treatment of indebtedness incurred on or before December 15, 2017 (i) In general In the case of any pre-December 15, 2017, indebtedness, subparagraph (B)(ii) shall not apply and the aggregate amount of such