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BillsFanForever
January 17, 2025
Question

Two homes

  • January 17, 2025
  • 1 reply
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I own my own home. My wife owns her own home.  My adult children live in my home.  We file Married Separately usually.  Can we each claim our own homes on our taxes?

    1 reply

    X
    xmasbaby0
    Employee
    January 17, 2025

    When you file married filing separately you are required to file the same way---you both have to itemize deductions or you both have to use your standard deduction.   So if you are filing MFS, you can each itemize and enter your own mortgage interest and property tax amounts.  The property tax deduction will be capped at $5000 for each of you.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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