https://ttlc.intuit.com/community/taxes/discussion/mortgage-interest-deduction/01/3541385#M1316404 <P>Hello, I carry a mortgage on my primary residence. I also have a construction loan on the retirement home that I am building which I will move into in 6 months. Can I deduct both interests ?</P> Wed, 05 Mar 2025 17:14:01 GMT kuttilala 2025-03-05T17:14:01Z https://ttlc.intuit.com/community/taxes/discussion/mortgage-interest-deduction/01/3541385#M1316404 <P>Hello, I carry a mortgage on my primary residence. I also have a construction loan on the retirement home that I am building which I will move into in 6 months. Can I deduct both interests ?</P> Wed, 05 Mar 2025 17:14:01 GMT https://ttlc.intuit.com/community/taxes/discussion/mortgage-interest-deduction/01/3541385#M1316404 kuttilala 2025-03-05T17:14:01Z https://ttlc.intuit.com/community/taxes/discussion/re-mortgage-interest-deduction/01/3541538#M1316405 <P><SPAN style="font-size:14px;">It depends. If the total mortgage principal is below $750,000 you can deduct the full amount. If it is higher then your deduction will be limited. See the link below for additional information.</SPAN></P> <UL> <LI><A href="https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-credits-deductions/deduct-mortgage-interest/L9w1eeX9n_US_en_US" target="_blank"><SPAN style="font-size:14px;">Can I deduct mortgage interest?</SPAN></A></LI> </UL> Wed, 05 Mar 2025 17:43:19 GMT https://ttlc.intuit.com/community/taxes/discussion/re-mortgage-interest-deduction/01/3541538#M1316405 DianeW777 2025-03-05T17:43:19Z