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brett069
New Member

Can you deduct mortgage interest if you take the standard duction ?

 
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2 Replies

Can you deduct mortgage interest if you take the standard duction ?

No.  That is an itemized deduction.  Unless you have business expenses and have a home office.  

Cynthiad66
Expert Alumni

Can you deduct mortgage interest if you take the standard duction ?

Mortgage interest is usually deductible on Schedule A as an itemized deduction.  If you do not itemize you cannot take the deduction.  However, if you are renting the property you can deduct it as a rental expense.

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