Yes, you can only deduct the interest on the portion of t...

Does paying off a credit card or car loan with my mortgage refinance affect how much mortgage interest I can deduct?

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Yes, you can only deduct the interest on the portion of the mortgage loan or line of credit that was used to buy, build or substantially improve your home. This is a new requirement for tax years 2018 through 2025.

You cannot deduct the amount of interest attributed to the amount of the loan used to pay off your credit card and car loan.

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Schedule E: No expenses are deductible because we didn't rent it and used it for ourselves. Do we have to report the expenses?

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Does paying off a credit card or car loan with my mortgage refinance affect how much mortgage interest I can deduct?

Does paying off a credit card or car loan with my mortgage refinance affect how much mortgage interest I can deduct?

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Does paying off a credit card or car loan with my mortgage refinance affect how much mortgage interest I can deduct?

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Does paying off a credit card or car loan with my mortgage refinance affect how much mortgage interest I can deduct?

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