Home Mortgage Interest Deduction - Tax Planning: US - About.com
Home Mortgage Interest is a tax-deductible expense. Mortgage . You can only deduct interest paid on your main home and a second home. Interest paid on .
http://taxes.about.com/od/deductionscredits/a/MortgageDeduct.htm

Mortgage Interest Tax Deduction on Rental Property » My Money Blog
Jun 22, 2009 . For you to take a home mortgage interest deduction, your debt must be . Second thought: When I consider a property, oftentimes it's the tax .
http://www.mymoneyblog.com/mortgage-interest-tax-deduction-on-rental-property.html

Income Tax Deductions: Home Mortgage Interest FAQs
Is interest on a home equity line of credit deductible as a second mortgage? . For more information, see Income Tax Deductions: Home Refinancing Points.
http://www.mortgagesfinancingandcredit.org/mortgages/income-tax-deductions/interest-faqs2.htm

Deducting Mortgage Interest FAQs - TurboTax® Tax Tips & Videos
Interest on such home equity debt is generally deductible . 936: Home Mortgage Interest Deduction.
http://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Deducting-Mortgage-Interest-FAQs/INF12051.html

Money Girl : How to Claim Home Mortgage Interest Deduction ...
Sep 16, 2009 . In this show I'll explain the home mortgage interest deduction and clarify . your primary residence or a second home, you get a tax break.
http://moneygirl.quickanddirtytips.com/home-mortgage-interest-deduction.aspx

Home mortgage interest deduction - Wikipedia, the free encyclopedia
A home mortgage interest deduction allows taxpayers who own their homes to reduce . A second justification applies to countries which tax imputed income on .
http://en.wikipedia.org/wiki/Home_mortgage_interest_deduction

Mitt Romney Specifies Tax Deductions He'd Cut - WSJ.com
Apr 15, 2012. high-earners the mortgage-interest deduction for second homes, as well as the state income-tax deduction and state property-tax deduction.
http://online.wsj.com/article/SB10001424052702304432704577346611860756628.html

Second homes under mortgage interest microscope
Jan 7, 2011 . The amount of the home mortgage interest deduction is added to other permitted itemized deductions, such as expenses for real estate taxes, .
http://www.texasrealestate.com/web/2/24/241/more/0111.cfm

Taking a Tax Deduction for Home Mortgage Interest
Jul 6, 2005 . In order to claim the tax deduction for home mortgage interest, you must . If you have a second home that you do not rent out or hold for resale, .
http://www.googobits.com/articles/1349-taking-a-tax-deduction-for-home-mortgage-interest.html

The Tax Benefits of Home Ownership | AllLaw.com
Home mortgage interest is deductible on your income taxes if you itemize. . of home mortgage debt, whether it is used to purchase a first or a second home.
http://www.alllaw.com/articles/tax/article3.asp

Tax - Owning a Second Home - H&R Block - H&R Block®
Second-Home Deductions. If you take out a mortgage to .
http://www.hrblock.com/taxes/tax_tips/tax_planning/second_home.html

How to Deduct Mortgage Interest on a Vacant Second Home | Home ...
In the case of a secondary home with no business usage, you can deduct the full amount of interest paid on the mortgage on Schedule A of your federal tax .
http://homeguides.sfgate.com/deduct-mortgage-interest-vacant-second-home-7354.html

Quote:

Originally Posted by 2bindenver Real Estate (Taxes, Mortgage Interest, Points, Other Property ... Jan 13, 2012 . Question: Is the mortgage interest and property tax on a second residence deductible? Answer: The mortgage interest on a second home which . http://www.irs.gov/faqs/faq/0,,id=199733,00.html 2011 Publication 936 530 Tax Information for Homeowners second home. A home includes a house, condo- home mortgage interest is fully deductible. minium, cooperative, mobile . http://www.irs.gov/pub/irs-pdf/p936.pdf Owning real estate, what's tax deductible? All interest paid on grandfathered loans in a given year is fully tax deductible. . Any first or second mortgage used to buy, build, or improve your home is . http://www.realestateabc.com/taxes/deductible2.htm

Despite Critics, Mortgage Interest Deduction Persists - NYTimes.com
Nov 8, 2011 . The mortgage interest deduction survived the overhaul of the tax code in . and prohibit people from deducting the interest on a second home.
http://www.nytimes.com/2011/11/09/your-money/despite-critics-mortgage-interest-deduction-persists.html?pagewanted=all

What Percentage of Mortgage Interest Is Deducted on Tax Returns ...
Enjoy saving on your tax return by taking a mortgage interest deduction. . by your primary residence or second home, the interest you pay is usually deductible.
http://budgeting.thenest.com/percentage-mortgage-interest-deducted-tax-returns-4006.html

Mortgage interest tax deduction: safe until after 2012 election ...
Sep 13, 2011. of longtime tax preferences as the mortgage interest deduction and . the mortgage interest deduction, including elimination of second-home .
http://www.inman.com/buyers-sellers/columnists/kenharney/mortgage-interest-tax-deduction-safe-until-after-2012-election

Home Equity Loan Tax Deduction - How the Mortgage Interest ...
Deducting Mortgage Interest. Taxpayers can claim a deduction on interest paid on a loan secured by their first or second home. Most home equity loans fall into .
http://banking.about.com/od/loans/a/2ndtaxdeduction.htm

Is the Interest on Your RV Loan Tax Deductible
Your motorhome may be considered as a second home mortgage, in which case, making you RV interest tax deductible. There are stipulations: there are certain .
http://www.lowrvfinancing.com/articles/rv-tax-deductible.html

Second home tax break could be first casualty of deficit wars ...
Oct 26, 2011 . Second home tax break could be first casualty of deficit wars. Advisers say mortgage interest deduction makes for an easy target for politicians; .
http://www.investmentnews.com/article/20111026/FREE/111029949

How to Buy a Boat & Deduct the Interest
Tax Deductibility of Interest on Boat Loans . Second home mortgage interest deduction is limited to interest paid on second homes that are secured by that .
http://www.discoverboating.com/buying/financing/taxdeduct.aspx

Mortgage Interest Tax Deduction Shoots Down Taxes
The Mortgage Interest that you paid to acquire your first and second home can be deducted in your income tax. As you read on, you will learn how to deduct and .
http://www.gastaxscam.com/tax-on-mortgage.html

Buying a Second Home - Tax Tips for Homeowners - TurboTax ...
You can deduct property taxes on your second home, too. In fact, unlike the mortgage interest rule, you can deduct property taxes paid on any number of homes .
http://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Buying-a-Second-Home/INF12015.html

The Impact of Losing a Second-Home Mortgage Deduction ...
Apr 19, 2012 . Although the idea of eliminating tax deductions on a second mortgage are . At first glance, an interest deduction for second homes is harder to .
http://www.mainstreet.com/article/real-estate/buying/impact-losing-second-home-mortgage-deduction

Who Can Claim the Mortgage Interest Tax Deduction when There ...
Jul 6, 2011. a home, you can claim a tax deduction for the home mortgage interest . second home), you could claim a home mortgage interest deduction .
http://voices.yahoo.com/who-claim-mortgage-interest-8726623.html

Field Guide to Mortgage Interest Deduction | realtor.org
Historical Federalist Perspective on the Home Mortgage Interest Deduction for Federal Income Tax, (Journal of Business & Economic Research, June 2010). Q .
http://www.realtor.org/field-guides/field-guide-to-mortgage-interest-deduction

Mortgage Interest Tax Deduction
However, before you take advantage of the mortgage interest tax deduction you . have multiple second homes, claim a deduction from only one second home.
http://www.financialplanningadvices.com/tax-planning/mortgage-interest-tax-deduction.html

Tax Deduction on Home Mortgage Interest
Tax Deduction on Home Mortgage Interest. 77. rate or flag. By V Kumar. Interest paid on Mortgage for buying main or second home can be deducted. See all 2 .
http://vkumar.hubpages.com/hub/Tax-Deduction-on-Home-Mortgage-Interest

Tax Expenditure of the Week: The Mortgage Interest Deduction
Jan 26, 2011 . The mortgage interest deduction is written into the tax code. . no credit for interest on home equity lines of credit or second-home mortgages.
http://www.americanprogress.org/issues/2011/01/te_012611.html