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Level 2
June 3, 2019
Question

In my Chapter 13 there is a repayment plan. I am repaying home loan payments that I missed. Are the home loan payments that are being made thru the trustee tax deductible

  • June 3, 2019
  • 1 reply
  • 10 views
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1 reply

MargaretL
Level 12
June 3, 2019

The actual payments (your principal) are not deductible, but the interest on them is tax deductible as your "regular" mortgage interest.

  1. Federal Taxes
  2. Deductions & Credits
  3.  Scroll down to Your Home, select Mortgage Interest and Refinancing