Is Mortgage Interest Tax Deductible In 2025

Is Mortgage Interest Tax Deductible In 2025. Assuming that, as is common for the early years of a mortgage, between 75% and 80% of these payments consist of interest, many taxpayers are likely to get some tax benefit in. If you're married filing separately, your mortgage interest is tax deductible on up to $375,000 of mortgage loan debt.

The mortgage interest deduction of up to $750,000 per year of the debt incurred on a first or second home for itemizing taxpayers represents one of the many aspects of the tax. From 2018 through 2025, mortgage interest for acquisition debt greater than $750,000 ($375,000 for a married taxpayer filing separately) is not deductible.