For homes purchased after the above date, the allowable mortgage interest tax deduction drops to interest paid on the first $750,000 for single and joint filers and to $375,000 for married couples ...

If you want to deduct the interest, you can use the figures from the 1098 form sent by your mortgage company. If you don't receive a 1098 form, that may mean that you paid less than $600 in interest.

Mortgage Interest Deduction You can deduct home mortgage interest on the first $750,000 of a mortgage ($375,000 if married but filing separately) of indebtedness.

The home mortgage interest deduction can help some filers maximize their tax refund. But it’s less useful now than in years past—here’s what you need to know.

Key Takeaways. You can take a mortgage interest tax deduction for tax year 2024 if you paid mortgage interest for a home that is your principal or second residence.

This tax season, my household is claiming the mortgage tax deduction.Last year, we paid a lot in mortgage interest -- more than we ever have as homeowners. However, the hefty amount we paid can ...

How to Claim the Mortgage Interest Tax Deduction on Your 2024 Tax Return If you want to claim the mortgage interest tax deduction on your 2024 taxes, follow these steps. Decide Whether to Itemize ...

Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

IRS Tax returns Filing season W-2 form Deductions Mortgage interest Tax brackets Refund WASHINGTON (7News) — The 2024 tax filing season is fast approaching. The Internal Revenue Service (IRS ...

You can deduct the interest you paid on the first $750,000 of your mortgage. For married couples filing separately, the limit is $375,000, If you took out your mortgage between Oct. 13, 1987, and ...

The home mortgage interest deduction can help some filers maximize their tax refund. But it’s less useful now than in years past—here’s what you need to know.

The home mortgage interest deduction can help some filers maximize their tax refund. But it’s less useful now than in years past—here’s what you need to know.