Adding a home, interest

[sagittarius_oi]

i own a home, have for 2 years. i have not claimed it in the past. was considering claiming. will i go negative? i just dont want to add the home, if it will make me owe more

[ThomasM]

If I understand you correctly, you're talking about home mortgage interest that you pay.  You can take an itemized deduction on Schedule A for the mortgage interest you pay on a primary or second home.  This is a good thing; it cannot raise the amount of tax you owe.   Here is a link to IRS Publication 936, which discusses all aspects of this deduction.

 https://www.irs.gov/publications/p936/ar02.html