Get your taxes done using TurboTax

LenaH · ‎January 25, 2021

In most cases, you can deduct all of your home mortgage interest if you itemize your deductions on Schedule A. There are a few limitations on the home mortgage deduction, which depend on the date of your mortgage, the amount of the mortgage and how you use the mortgage proceeds. TurboTax will calculate your deduction based on your input of your 1098.

I have attached a chart from the IRS website that may help determine if any of these criteria apply to your situation.

For more information, please see Deducting Mortgage Interest FAQs.

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