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bucknerd1
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Can you use paying off a Mortgage on your taxes and if so where can I find it on Turbo Tax

 
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2 Replies

Can you use paying off a Mortgage on your taxes and if so where can I find it on Turbo Tax

No.  There is no credit or deduction for paying off your mortgage.   What you can deduct for homeownership is mortgage interest paid, property tax and loan origination points.   But you paid off your mortgage---so celebrate!

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Can you use paying off a Mortgage on your taxes and if so where can I find it on Turbo Tax

A mortgage payoff is not reported on a tax return.  Only the interest paid on the mortgage prior to payoff can be entered as an itemized deduction on Schedule A.

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