Publication 17, Your Federal Income Tax; Part 5 - Standard Deduction and Itemized Deductions: Introduction

This is archived information that pertains only to the 1999 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.

Download: Form 1040 • 1040 Instructions PDF or HTML
Schedule A & B • Form 1040A • Form 1040EZ • Tax Tables

This chapter discusses interest. Interest is the amount you pay for the use of borrowed money.

The types of interest you can deduct as itemized deductions on Schedule A (Form 1040) are:

Home mortgage interest, including certain points, and
Investment interest.

This chapter explains the deduction for home mortgage interest. It also explains where to deduct other types of interest and lists some types of interest you cannot deduct.

Use Table 25-1 to find out where to get more information on various types of interest, including investment interest.

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