Get
Answers

Finding answers to your tax questions is now less taxing.

Get Answers To Your Tax Questions

H&R Block Tax Professionals relentlessly focus on making sure you profit from every deduction and credit available.

If I already entered my mortgage interest as a deduction, do I need to re-enter it in the AMT adjustment section?

Maybe. Many of the deductions you can claim on a regular return you can't deduct for the Alternative Minimum Tax (AMT). So, you must add back these deductions to your income.

In the regular tax system, you can deduct almost all mortgage interest. However, for AMT, you can only deduct the part of the mortgage you use for your first or second home when you:

  • Buy it
  • Build it
  • Substantially improve it

Otherwise, you’ll need to add back deductions claimed for mortgage interest under AMT rules.

 

Look At Your Life Through Taxes

No matter which life stage you're in, H&R Block has the tools and resources to help you understand how taxes impact your life. It's our Purpose. We look at your life through tax... and find ways to help.

Tax Calculators

Estimate your withholdings, calculate your refund, or find out how health care laws may impact you.

Browse Tax Articles

Looking for articles written by the pros at H&R Block? Search our article database to find answers to all of your tax related questions.