Can you claim home mortgage interest on taxes?
Henry Morales
Published Mar 19, 2026
The loan may be a mortgage to buy your home, or a second mortgage. You can’t deduct home mortgage interest unless the following conditions are met. You file Form 1040 or 1040-SR and itemize deductions on Schedule A (Form 1040). The mortgage is a secured debt on a qualified home in which you have an ownership interest.
Can I claim my mortgage interest in 2019?
That means this tax year, single filers and married couples filing jointly can deduct the interest on up to $750,000 for a mortgage if single, a joint filer or head of household, while married taxpayers filing separately can deduct up to $375,000 each. All of the interest you pay is fully deductible.
You’ll need to itemize your deductions to claim the mortgage interest deduction. Since mortgage interest is an itemized deduction, you’ll use Schedule A (Form 1040), which is an itemized tax form, in addition to the standard 1040 form. You can find the mortgage interest deduction part on line 8 of the form.
What kind of tax form do you use for mortgage interest?
You’ll need to itemize your deductions to claim the mortgage interest deduction. Since mortgage interest is an itemized deduction, you’ll use Schedule A (Form 1040), which is an itemized tax form, in addition to the standard 1040 form.
Where does the mortgage interest deduction go on a tax return?
The home mortgage interest tax deduction is reported on Schedule A of Form 1040, along with other itemized deductions. It’s subject to some limitations.
Do you claim mortgage interest if you file separately?
If you choose to file separately, you must claim your share of the mortgage interest on your individual Schedule A forms. Keep in mind that if one of you itemizes so must the other – and you must itemize to claim a mortgage interest deduction.
Where do I report my mortgage interest on my taxes?
The mortgage interest deduction has previously been reported on line 11 of the Schedule A. The current draft of the 2018 Schedule A, however, places the deduction on line 8. Your mortgage lender will send you a Form 1098 showing exactly how much mortgage interest you paid during the tax year.
