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Can I deduct mortgage interest paid in 2019?

 
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CatinaT1
Employee Tax Expert

Can I deduct mortgage interest paid in 2019?

Yes, if you itemize your deductions.

 

When you enter all your information into TurboTax, it will calculate the best deduction for you to use - either the standard deduction or itemized deduction.

 

You may benefit from itemizing your deductions on Schedule A if you:

  • Do not qualify for the standard deduction, or the amount you can claim is limited,
  • Had large out of pocket medical and dental expenses during the year,
  • Paid interest and taxes on your home,
  • Made large contributions to qualified charities, or
  • Have total itemized deductions that are more than the standard deduction to which you otherwise are entitled.

 

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
CatinaT1
Employee Tax Expert

Can I deduct mortgage interest paid in 2019?

Yes, if you itemize your deductions.

 

When you enter all your information into TurboTax, it will calculate the best deduction for you to use - either the standard deduction or itemized deduction.

 

You may benefit from itemizing your deductions on Schedule A if you:

  • Do not qualify for the standard deduction, or the amount you can claim is limited,
  • Had large out of pocket medical and dental expenses during the year,
  • Paid interest and taxes on your home,
  • Made large contributions to qualified charities, or
  • Have total itemized deductions that are more than the standard deduction to which you otherwise are entitled.

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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