Daycare.com Forum
Daycare and Taxes>Deducting A % Of Your House Payment?
JeepGirl6 10:03 AM 03-06-2011
On Turbo Tax is there a deduction for a % of my house payment, I pay $771.00 a month
snbauser 11:51 AM 03-06-2011
Originally Posted by JeepGirl6:
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.On Turbo Tax is there a deduction for a % of my house payment, I pay $771.00 a month
TomCopeland 02:37 PM 03-06-2011
You can't deduct the house payment but you can deduct the time-space % of your mortgage interest and you can depreciate your home.