Ask Experts Questions for FREE Help !
Ask
    sburns575's Avatar
    sburns575 Posts: 4, Reputation: 1
    New Member
     
    #1

    Nov 20, 2006, 01:29 PM
    Taxes and interest
    I am on disablitiy and want to know if I can still take the interest towards taxes? I do not make enough to claim taxes and was wondering if I can still take the interest from the house?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Nov 21, 2006, 05:01 PM
    Sorry, the mortgage interest is now a wasted deduction if you do not make enough in income to claim it.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Interest only loan [ 4 Answers ]

I am looking into refinacing my mortgage with an interest only loan. Any pros or cons? Let me know.

Taxes [ 1 Answers ]

I have taken on a second job as in independent contractor, and are required to pay my own taxes from my weekly pay which is $350.00. How do I determine the amount to be deducted

Filing for 2004 taxes and 2005 taxes [ 1 Answers ]

Hi I just received my W2 from my employer and there were 2 W2's. One W2 was for the wages of Dec 2004 (since the employer pays 1 month delayed salary) and the other one was for Jan - Nov 2005. I want to know if I can refile my 2004 taxes since I just got my Dec 2004's W2. If I add that...

Help with Taxes [ 1 Answers ]

Hi Atlanta Tax Expert I too bought TurboTax but am confused as how to file taxes for my wife, who is on H4 Can you email me the fee you charge for filing tax returns? My id is: [email protected] Thanks! Srikant


View more questions Search