How Claim Income Tax Deduction on Home loan?
- JudyLv 71 month ago
You can claim the interest, but only if you have enough deductions to itemize.
- Anonymous1 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.
- 1 month ago
You can deduct the interest paid and property taxes if you itemize.