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We paid off our home last year do we get a credit for this

 
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2 Replies

We paid off our home last year do we get a credit for this

There is no such credit. 

We paid off our home last year do we get a credit for this

The deduction was for mortgage interest. you paid,  and if you did not pay  interest in 2019, you no longer have that to enter on a tax return.    There is no deduction for paying off the loan.  Now you just will not have mortgage interest to put on a tax return.  If you paid property taxes then you can enter them, but it is very hard for many people to itemize now that the standard deductions are higher.  It is difficult to have enough itemized deductions to exceed your standard deduction.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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