The adventures & musings of an Enrolled Agent representing clients in Tax Controversy cases at the Neighborhood Christian legal clinic - Low Income Taxpayer Clinic.

Indianapolis, Indiana

Can I still deduct home mortgage and home equity interest on my tax return?

Can I still deduct home mortgage and home equity interest on my tax return?

Deduction for home mortgage and home equity interest modified. Your deduction for mortgage interest is limited to interest you paid on a loan secured by your main home or second home that you used to buy, build, or substantially improve your main home or second home. THIS MEANS THAT…if you do itemize… that interest paidRead more about Can I still deduct home mortgage and home equity interest on my tax return?[…]