Can my spouse claim mortgage interest paid on his taxes if its under my name?
April 27th, 2010 | 
Author: Married filing separately. Hіѕ income іѕ higher, ѕο саn hе claim finance interest paid instead οf mе іf іt’s under mу name, іn view οf thе fact thаt wе аrе married?
Hе′s a co-owner οf thе home bυt thе finance іѕ under mу name οnlу.
Posted in Mortgage FAQ
If he is co-owner of the home and legally liable on the finance, he can deduct the finance interest and property tax really paid by him or paid out of his earnings. If you are in a community property state, the amount he can deduct is usually 50% of the finance and property taxes.
Richard K
Master Tax Advisor
HR Block
This advice is based upon the law in effect at the time it was written as it applies to the facts provided by you. See my profile for more information.
Only the party legally required to pay the loan (the borrower or borrowers) can claim the interest deduction. Why would you not file jointly?
No the finance is in your name and under your SSN and that is how it is reported. File jointly you will make out better