Question

 Are mortgage interest payments and points deductible?

Answer The interest paid on your mortgage is tax deductible as long as it is your first or second residence, you are the owner of the home and you itemize your deductions on your tax returns. In addition ... Read More »
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Top Q&A For: Are mortgage interest payments and points deduc...

Is interest paid on a time share condo deductible as mortgage interest?

According to the IRS, mortgage interest from a timeshare condominium is considered qualified residence interest that is tax deductible as long as the owner uses the condominium as a second home for... Read More »
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Is mortgage interest tax deductible?

Most likely, if certain conditions are met: If the home is collateral on the debt; if you file a Form 1040 and itemize deductions; if you are liable for the loan; and if the home is a qualified hom... Read More »
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When did mortgage interest become deductible in the U.S.?

The deductible feature of mortgage interest was enacted by Constitutional amendment in 1913. However, few homeowners at the time could benefit because most either built or owned their homes outrigh... Read More »
http://www.answerbag.com/q_view/2204344

Is mortgage interest deductible?

The mortgage interest you pay on your home is tax deductible. The amount of mortgage interest you can claim as a tax deduction will appear on Form 1098, which your mortgage lender will send to you ... Read More »
http://www.answerbag.com/q_view/2199900


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