What about mortgage interest deduction after a divorce?
If one of you moves out of the house, he or she is generally no longer entitled to a mortgage interest deduction for that portion of the mortgage. The remaining partner can continue to claim the interest deduction only if his or her income is sufficient to cover the full mortgage payments. The tax authorities may apply specific rules in this regard.
More questions about divorce or separation
- Are you still entitled to mortgage interest deduction after a divorce?
- Do I need a notary to change the mortgage in a divorce?
- What happens to home equity when buying out a partner?
- What happens to my interest-only mortgage if I buy out my partner after a divorce?
- What if I do not meet the income requirements after the divorce?
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