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If I own my home and make house payments once a month do I need to include it

 
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JulieH1
New Member

If I own my home and make house payments once a month do I need to include it

You can deduct the interest you pay on your mortgage as well as property taxes and PMI from the loan if you have any.  Depending on the cost of your home and the loan amount, this deduction may or may not be above the standard deduction so it is best to include it and TurboTax will tell you if it is helpful.

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1 Reply
JulieH1
New Member

If I own my home and make house payments once a month do I need to include it

You can deduct the interest you pay on your mortgage as well as property taxes and PMI from the loan if you have any.  Depending on the cost of your home and the loan amount, this deduction may or may not be above the standard deduction so it is best to include it and TurboTax will tell you if it is helpful.

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