Can I Deduct My Mortgage Interest?
Yes, you can deduct the mortgage interest you pay on a loan secured by your primary home or second home. You would include this deduction on the IRS Form 1040.
Tellus TIP:
Keep in mind, this deduction is only available if you file an IRS Form 1040 and itemize your tax deductions.
- What Sort of Tax Benefits Are Available to Homeowners?
- How Do I Calculate the Amount of My Mortgage Credit Certificate?
- What Other Aspects of My Mortgage Can I Deduct?
- Is There a Limit to Mortgage Tax Deductions?
- What Types of Loans are Eligible for a Deduction?
- How Do I Calculate the Mortgage Tax Deduction?
- How Did Tax Reform Change the Mortgage Interest Deduction?
- What Is a Mortgage Credit Certificate?
- How Can I Qualify for a Mortgage Credit Certificate?