Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Mortgages (https://www.askmehelpdesk.com/forumdisplay.php?f=212)
-   -   I make more income than my girlfriend, who should claim the mortgage interest? (https://www.askmehelpdesk.com/showthread.php?t=436785)

  • Jan 19, 2010, 11:34 AM
    iamcao
    I make more income than my girlfriend, who should claim the mortgage interest?
    My girlfriend and I own a home together. I made $65k while my girlfriend made $56k. She receives rental property income of $10k a year. Who would benefit more from claiming the mortgage interest on our home?
  • Jan 21, 2010, 02:14 PM
    XTC832
    It's a little hard to say who would benefit more only because you didn't mention any other financial info. I'm assuming you and your girlfriend probably have other deductions, adjustments to income, credits, etc. that aren't listed here. Either one of you could conceivably do better than the other by claiming it. For some people, a bigger benefit means a bigger refund. For others, it means paying less taxes. Just run the numbers both ways and compare the results to what you both are looking for. Take care.

  • All times are GMT -7. The time now is 04:36 AM.