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Level 2
March 9, 2022
Question

Tax Deduction for second home

  • March 9, 2022
  • 1 reply
  • 13 views

In the past I've been able to deduct Taxes, Interest for a second home, but it seems this year the program did not ask or allow me to enter those amounts. Has something changed in the tax code?

    1 reply

    AmyC
    Level 15
    March 9, 2022

    No new changes for mortgage interest this year. Click on Add a Lender and continue to add the interest for your second home.

     

    Qualified Mortgage Interest

    This is the interest you pay on a loan secured by your main home or second home that was used to build, buy, or improve that home, and includes:

    • Mortgage to buy, build, or substantially improve your home
    • Second mortgage
    • Line of credit
    • Refinanced loans
    • Home equity loans
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