Mortgage Interest

tax deductible?
Yes.

When your income comes from renting part of your house, write off the mortgage interest!

But why?

By renting part of your house (if you are still occupying a portion of it), your house is being used as a source of income. In this case if you still have a mortgage, you can write off the percentage of interest that coincides with the percentage of the house being rented!

Does it trade with the standard deductions?

Examples of types of jobs who can claim this write off

Let's do some examples:

Note: at Keeper, we care about helping you save on taxes. That leads us to generalize tax advice which ultimately cannot be completely generalized. Everyone's situation is different. Please drop a note above or reach out via email if you have questions.