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I noticed I didn't get my full mortgage interest deduction amount. Are there income limitations?

 
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MarilynG1
Employee Tax Expert

I noticed I didn't get my full mortgage interest deduction amount. Are there income limitations?

Yes, there are income limitations for the Mortgage Interest Deduction.

 

If you had an original mortgage and a refi in 2020 and feel your Mortgage Interest is being incorrectly limited,  this Workaround for Limited Home Mortgage Interest may help you. 

**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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2 Replies
MarilynG1
Employee Tax Expert

I noticed I didn't get my full mortgage interest deduction amount. Are there income limitations?

Yes, there are income limitations for the Mortgage Interest Deduction.

 

If you had an original mortgage and a refi in 2020 and feel your Mortgage Interest is being incorrectly limited,  this Workaround for Limited Home Mortgage Interest may help you. 

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

I noticed I didn't get my full mortgage interest deduction amount. Are there income limitations?

thank you.

 

 

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