Mortgage payments
Varies
Can You Write Off Mortgage Payments?
Short answer: Only the interest (and property tax portion) of your payment can be deductible, not the principal.
Your lender's Form 1098 shows the interest paid.
Records to keep: Keep receipts, statements (1098, 1098-T, 1099, W-2G), and a note of what each cost was for. Compare itemizing to the 2026 standard deduction before you claim.
BW-B22-00116
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Mortgage payments
Varies
Individuals / Personal Taxes
Other Expenses
Personal Tax Deductions
Only the interest (and property tax portion) of your payment can be deductible, not the principal.
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Only the interest (and property tax portion) of your payment can be deductible, not the principal. Your lender's Form 1098 shows the interest paid.
Category
- Personal Tax Deductions
personal deduction
search demand 2026
home mortgage
mortgage interest