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ndj9
Level 1

What affects a Mortgage Interest Deduction?

Is the mortgage interest deduction affected by anything like AGI? My husband and I are doing our taxes side by side with identical 50/50 numbers for our 1098 form information and his summary page is showing half the amount of deduction than mine is. We've restarted 3 times with the same results. Only difference is his slightly higher income and/or AGI.

 

 

**ISSUE RESOLVED AS IT WAS AN INTERNAL GLITCH RESOLVED BY DELETING ACCOUNT AND STARTING OVER**

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AnnetteB6
Expert Alumni

What affects a Mortgage Interest Deduction?

There is no AGI limitation with regard to the mortgage interest deduction.  

 

If you are using the Married Filing Separate filing status for each of you, there could be something else coming into play instead of the mortgage interest deduction.  

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