How Claim Income Tax Deduction on Home loan?

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  • Judy
    Lv 7
    1 month ago

    You can claim the interest, but only if you have enough deductions to itemize.

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  • Anonymous
    1 month ago

    By filing Form 1040 Schedule A.

    Unless your  allowable deductions are more than $12,000 (single) or $24,000 (married), you will not get a lower tax bill by owning a home. 

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  • 1 month ago

    You can deduct the interest paid and property taxes if you itemize.

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