rjs
Level 15
Level 15

Deductions & credits

You each deduct the amount of mortgage interest that you actually paid individually.


Home insurance is not deductible. If you have mortgage insurance, that is deductible. Each of you can deduct the premiums that you actually paid individually.


These deductions are itemized deductions. They will not make any difference in your tax unless your total itemized deductions are more than your standard deduction.