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Deductions & credits
You can't write off your primary home. However, if you itemize your deductions (as opposed to taking the standard deduction), you may be able to deduct the interest, if you have a loan, as mortgage interest.
You're allowed to deduct the interest on a loan secured by your main home (where you ordinarily live most of the time) and a second home. A mobile home, RV, house trailer, or houseboat that has sleeping, cooking, and toilet facilities counts as a main or second home, and as long as it meets all the other requirements for deducting mortgage interest, you can claim the interest like an immovable home.
What deductions can homeowners take?
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March 31, 2025
4:17 PM