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Taxes


I paid my mother's mortgage and real estate taxes last year. The house and land secured by the mortgage are in her name. Can I deduct the mortgage interest and property tax on my tax return?



Generally, you can deduct only taxes that are imposed on you. You cannot deduct the property taxes unless you are the legal owner of the property, nor the mortgage interest unless you are legally liable for the loan. For more information, refer to Publication 936, Home Mortgage Interest Deduction; Publication 17, Your Federal Income Tax for Individuals; Tax Topic 505, Interest Expense; and Tax Topic 503, Deductible Taxes.

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