Mortgage interest

Morven · ‎March 28, 2025

I am retired on Social Security and I no longer file taxes . I recently put my son’s name along with mine on the deed but only I am on the loan, I make all the payments. Can my son write the interest off on his tax returns, It seems a waste to not be able to use those thousands of dollars I pay every year in interest!

xmasbaby0 · ‎March 28, 2025

The person who actually made the payments can use the homeownership deductions on their tax return. Your son made no payments.

**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.**

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Mortgage interest