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New Member
posted Mar 29, 2025 3:27:11 PM

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.

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.

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2 Replies
Level 15
Mar 29, 2025 4:32:38 PM

x

Expert Alumni
Mar 30, 2025 7:30:15 AM

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