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Potential tax benefits

Last EditedOct 5, 2026|Time to read min

      Quick insights

      • You may be able to deduct qualifying mortgage interest if you itemize deductions and meet applicable IRS requirements and limits.
      • Qualifying state and local real estate taxes may be deductible if you itemize deductions, subject to applicable federal tax limits. .
      • Low-to-moderate income homeowners may be eligible for mortgage interest tax credits.

      Once you become a homeowner, there may be tax benefits associated with home ownership. You may want to speak with your personal tax advisor with questions or for more details on those benefits.

      These mortgage-related items may be tax deductible:

      Mortgage interest payments

      Mortgage interest may be deductible if you itemize deductions and the loan is secured by a qualified home, subject to applicable IRS requirements and debt limits. Review current IRS guidance and consult a qualified tax advisor regarding your individual circumstances.

      Real estate (or property) taxes

      Qualifying state and local real estate taxes you pay may be deductible if you itemize deductions, subject to applicable federal tax rules and limits. Charges for specific services or benefits may not qualify as deductible real estate taxes.

      Mortgage (or discount) points

      Mortgage discount points may be deductible as home mortgage interest if applicable IRS requirements are met. Points paid when purchasing a principal residence may qualify for deduction in the year paid, while points paid on a refinance are generally deducted over the life of the loan. The timing and amount of any deduction depend on the transaction and individual circumstances, so consult a qualified tax advisor.

      Learn more about mortgage points. Our points calculator can help you compare scenarios to see if it makes sense for you to pay for points.

      Low-to-moderate income homeowners

      Some eligible homeowners may qualify for a federal mortgage interest credit if they receive a Mortgage Credit Certificate from an authorized state or local government program. Eligibility, credit amounts and program availability vary, so contact the issuing government agency and consult a qualified tax advisor.

      JPMorgan Chase does not offer tax advice. Please consult your tax advisor about the deductibility of interest and other charge

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