How to Claim Mortgage Interest?

Answer HomeOne of the many benefits of home ownership is the fact that the mortgage interest paid on your primary or secondary residence is tax deductible. This translates into huge tax savings all while ... Read More »

Top Q&A For: How to Claim Mortgage Interest

Can you claim your rv interest&your second mortgage?

You can claim your RV interest and your second mortgage. As long as your RV has sleeping, cooking and toilet facilities, you can use your RV as a second (or even third) home and count the interest ... Read More »

Can you claim rental mortgage interest as an itemized deduction?

According to the Internal Revenue Service, if you lived in your rental property for part of the year, you could deduct the mortgage interest paid under the home mortgage interest deduction. If you ... Read More »

Who can claim the interest from a mortgage loan if a non-married couple makes the purchase?

The individual who can claim the interest from a mortgage loan is the one who is legally liable for the loan, according to the Internal Revenue Service. The person taking the deduction must have a ... Read More »

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 »