Table of Contents
Cooperative housing corporation. The definition of a cooperative housing corporation has changed. See Special Rule for Tenant-Stockholders in Cooperative Housing Corporations .
Limit on itemized deductions. Certain itemized deductions (including home mortgage interest) are limited if your adjusted gross income is more than $159,950 ($79,975 if you are married filing separately). For more information, see the instructions for Schedule A (Form 1040).
Photographs of missing children. The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
This publication discusses the rules for deducting home mortgage interest.
Part I contains general information on home mortgage interest, including points and mortgage insurance premiums. It also explains how to report deductible interest on your tax return.
Part II explains how your deduction for home mortgage interest may be limited. It contains Table 1, which is a worksheet you can use to figure the limit on your deduction.
Internal Revenue Service
Individual Forms and Publications Branch
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Internal Revenue Service
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Publication
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523 Selling Your Home
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527 Residential Rental Property
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530 Tax Information for First-Time Homeowners
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535 Business Expenses
See How To Get Tax Help, near the end of this publication, for information about getting these publications.
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