Deducting A % Of Your House Payment?

[JeepGirl6]

On Turbo Tax is there a deduction for a % of my house payment, I pay $771.00 a month

[snbauser]

On Turbo Tax is there a deduction for a % of my house payment, I pay $771.00 a month

I believe if you have a mortgage you can only deduct a % of your mortgage interest, not your actual payment. If you rent, then you can deduct a % of your rent.

[TomCopeland]

House Payment

You can't deduct the house payment but you can deduct the time-space % of your mortgage interest and you can depreciate your home.