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Level 1

Can I deduct the mortgage interest that I paid in 2018?

 
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Level 2

Can I deduct the mortgage interest that I paid in 2018?

It depends.  The tax reform changes that began in 2018 did restrict the ability to deduct mortgage interest.  See the link below for all the requirements to be able to deduct.   Also, mortgage interest is an itemized deduction, so in order to deduct your mortgage your itemized expenses would need to exceed the standard deduction on your federal return.  For 2018 the standard deduction is $12,000 single/married filing separately, $18,000 head of household, and $24,000 for joint filing (plus additional for over 65 and/or blind.)

https://ttlc.intuit.com/replies/3300473


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Level 2

Can I deduct the mortgage interest that I paid in 2018?

It depends.  The tax reform changes that began in 2018 did restrict the ability to deduct mortgage interest.  See the link below for all the requirements to be able to deduct.   Also, mortgage interest is an itemized deduction, so in order to deduct your mortgage your itemized expenses would need to exceed the standard deduction on your federal return.  For 2018 the standard deduction is $12,000 single/married filing separately, $18,000 head of household, and $24,000 for joint filing (plus additional for over 65 and/or blind.)

https://ttlc.intuit.com/replies/3300473