When asking details about our home loan and how much interest we can deduct is it referring to the past year? It is a refinance for 2016.

mateo5224 · ‎March 29, 2025

The boxes to select are "This loan is a refinance of a previous loan." and "This loan in neither of those." It'a a re-fi from 2016.

xmasbaby0 · ‎March 29, 2025

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MindyB · ‎March 30, 2025

You can check the box that it a refinance, because that is an accurate description.

The reason that this question is asked is that there is that there are different limits based on when the loan was originally taken out.

See also: Mortgage Interest Tax Deduction Limit

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When asking details about our home loan and how much interest we can deduct is it referring to the past year? It is a refinance for 2016.