Is interest on Federal Home Loans taxed by Illinois?

posted

Connect with an expert

2 Replies

Is interest on Federal Home Loans taxed by Illinois?

This question is confusing. Are you asking if Illinois taxes you on the interest you pay for your mortgage?

**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.**

Is interest on Federal Home Loans taxed by Illinois?

Interest PAID on loans is not a deduction on an Illinois state tax return.

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

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post