However, what if you get a second home mortgage? Does it matter what you use it for? Can you deduct interest indefinitely? We'll take an in-depth look at the tax implications of taking on a ...

You can deduct a percentage of the interest on a mortgage for a primary or second home if you itemize your deductions. You can deduct the interest you paid on the first $750,000 of your mortgage.

To take the mortgage interest deduction, the interest paid must be on a “qualified home.” Your first and second home may be considered qualified homes, but there are some exceptions.

Amy Fontinelle is a freelance writer, researcher and editor who brings a journalistic approach to personal finance content. Since 2004, she has worked with lenders, real estate agents, consultants ...

Who Qualifies for the Mortgage Interest Deduction? A main or second home qualifies for mortgage interest deduction — so if you have additional properties they would not be eligible except under ...

But what types of homes and home loans qualify? You can deduct the mortgage interest paid on your main home and one second home. If you rent out your second home for a portion of the year ...

The mortgage interest deduction allows homeowners to deduct ... The deduction can apply to your primary residence or second home, though there are some restrictions. You can also generally deduct ...

The Tax Cuts and Jobs Act (TCJA) impacts property tax and mortgage interest deductions for second homes. Converting a second home to a primary residence can offer capital gains tax exclusions.

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.