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quliyuan
Level 1

Mortgage Interest Limitation

I refinanced my mortgage loan in 2023, it was originally acquired before 2017. Any mortgage interest limitation on the refinanced loan? The refinanced loan balance is over $750k. And how to calculate the average mortgage loan balance? 

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‎February 7, 2024 9:17 AM
last updated ‎February 07, 2024 9:17 AM
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RobertB4444
Employee Tax Expert
Employee Tax Expert

Mortgage Interest Limitation

You can deduct interest on a mortgage loan up to $750,000.  You will enter the refinanced loan balance into TurboTax and it will help you calculate your deduction.  

 

Here's a good article on Mortgage Interest Deduction.

 

@quliyuan 

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‎February 7, 2024 9:26 AM
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