topic I just bought a home and the mortgage is $1,130,000. I am single and file as a single tax payer. how much interest can i deduct in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-just-bought-a-home-and-the-mortgage-is-1-130-000-i-am-single-and-file-as-a-single-tax-payer-how/01/3110802#M298685 Tue, 24 Feb 2026 08:00:58 GMT adeleshiv 2026-02-24T08:00:58Z I just bought a home and the mortgage is $1,130,000. I am single and file as a single tax payer. how much interest can i deduct https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-just-bought-a-home-and-the-mortgage-is-1-130-000-i-am-single-and-file-as-a-single-tax-payer-how/01/3110802#M298685 Tue, 24 Feb 2026 08:00:58 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-just-bought-a-home-and-the-mortgage-is-1-130-000-i-am-single-and-file-as-a-single-tax-payer-how/01/3110802#M298685 adeleshiv 2026-02-24T08:00:58Z Re: I just bought a home and the mortgage is $1,130,000. I am single and file as a single tax payer. how much interest can i deduct https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-just-bought-a-home-and-the-mortgage-is-1-130-000-i-am-single-and-file-as-a-single-tax-payer-how/01/3110808#M298687 <P>See&nbsp;<A href="https://www.irs.gov/instructions/i1040sca#en_US_2022_publink53061xd0e908" target="_blank">https://www.irs.gov/instructions/i1040sca#en_US_2022_publink53061xd0e908</A></P> Tue, 21 Nov 2023 18:39:53 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-just-bought-a-home-and-the-mortgage-is-1-130-000-i-am-single-and-file-as-a-single-tax-payer-how/01/3110808#M298687 Anonymous_ 2023-11-21T18:39:53Z Re: I just bought a home and the mortgage is $1,130,000. I am single and file as a single tax payer. how much interest can i deduct https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-just-bought-a-home-and-the-mortgage-is-1-130-000-i-am-single-and-file-as-a-single-tax-payer-how/01/3110813#M298689 <P>Since the limit on deductible interest is $750,000 loan balance, you can deduct roughly 66.3% of your interest payments ($750,000รท$1,123,000). &nbsp;The exact percentage will be calculated based on your average mortgage balance for the year (since your balance on December 31 will be slightly less than your balance when you took out the loan, due to making payments).</P> Tue, 21 Nov 2023 19:01:41 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-i-just-bought-a-home-and-the-mortgage-is-1-130-000-i-am-single-and-file-as-a-single-tax-payer-how/01/3110813#M298689 Opus 17 2023-11-21T19:01:41Z