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Author Topic: are mortgage interest payments tax deductible in california  (Read 24 times)
ThomasVaway
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« on: September 05, 2024, 06:13:40 AM »

| **California**  | **No**                       | Property taxes, insurance premiums, energy-efficient upgrades |
* **Homeowners Insurance:** The premiums you pay for homeowners insurance generally are not deductible, except in certain circumstances such as those involving a federally declared disaster.
 
 
 
Discover more about this   <a href=https://tradeprofinances.com/mortgage/is-mortgage-interest-tax-deductible-in-california/>https://tradeprofinances.com/mortgage/is-mortgage-interest-tax-deductible-in-california/</a>
 
 
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2. **California AGI:** Your California AGI is based on your federal AGI. Therefore, the reduced federal AGI due to the mortgage interest deduction also reduces your California AGI.
**Scenario:** Suppose you own a primary residence and have the following mortgage debt:
* **Consider Refinancing**: If you have a high interest rate on your mortgage, refinancing to a lower rate could save you money in the long run and increase the amount of interest you can deduct.
<h3>1. Can I deduct mortgage interest if I rent out a portion of my home?</h3>
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<a href=https://tradeprofinances.com/>tradeprofinances.com</a>
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