2025 Mortgage Interest Deduction. The mortgage interest deduction allows homeowners to deduct the interest they pay on their home mortgage from their taxable income. Homeowners can deduct mortgage interest from their income with the mortgage interest deduction.
Examples illustrating the impact of the. For tax years 2018 and onward through the year 2025, however, the limit on mortgage loans whose interest can be deducted is $750,000 ($375,000 for married taxpayers.