TAX DECUTION QUESTION FOR ADDITIONAL MORTGAGE PRINCPLE PAYMENT

eusujeong

Hi,

I am wondering whether if I pay an additional mortgage principal payment, I can deduct this payment from my household tax.

Taxlady06

Currently the IRS only allows a deduction for the mortgage interest paid during the tax year. If you pay additional principal, this is not deductible.

JMSSGV

Mortgage principal is never deductible under any circumstances.

eusujeong

Thanks for your answers!