Realvolution

Published January 8, 2020

Mortgage Interest Deductions Remain Unchanged for 2020

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Written by Jamie Reece

Mortgage Interest Deductions Remain Unchanged for 2020 header image.

The recent Federal Budget left in place the newest rules from 2017 regarding the deduction of mortgage interest from taxable income for homeowners. As a reminder, this provides for deduction of mortgage interest for the first $750,000 of debt for loans originated after December 16, 2017 (or up to $1,000,000 for loans originated prior).

For more information on how you can get the most from the Home Mortgage Insurance deduction, please review Publication 936 (2018), Home Mortgage Interest Deduction at IRS.gov.

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