Can I deduct my monthly home mortgage payments?

Ask the ExpertsHome DepreciationRecord Keeping & Taxes
Written By Tom Copeland

No, you cannot deduct your monthly home mortgage payments.

You can deduct the business portion of your mortgage interest. You can also depreciate the business portion of your home over 39 years.

The business portion you can deduct is your time-space percentage.

Tom Copeland
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