turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Can I deduct the mortgage interest that I paid in 2018?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
JulieCo
New Member

Can I deduct the mortgage interest that I paid in 2018?

It depends.  The tax reform changes that began in 2018 did restrict the ability to deduct mortgage interest.  See the link below for all the requirements to be able to deduct.   Also, mortgage interest is an itemized deduction, so in order to deduct your mortgage your itemized expenses would need to exceed the standard deduction on your federal return.  For 2018 the standard deduction is $12,000 single/married filing separately, $18,000 head of household, and $24,000 for joint filing (plus additional for over 65 and/or blind.)

https://ttlc.intuit.com/replies/3300473


View solution in original post

1 Reply
JulieCo
New Member

Can I deduct the mortgage interest that I paid in 2018?

It depends.  The tax reform changes that began in 2018 did restrict the ability to deduct mortgage interest.  See the link below for all the requirements to be able to deduct.   Also, mortgage interest is an itemized deduction, so in order to deduct your mortgage your itemized expenses would need to exceed the standard deduction on your federal return.  For 2018 the standard deduction is $12,000 single/married filing separately, $18,000 head of household, and $24,000 for joint filing (plus additional for over 65 and/or blind.)

https://ttlc.intuit.com/replies/3300473


Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question