Is my mortgage in Israel tax deductible?
Published July 25, 2016 by Tzvi Shapiro
For Israeli citizens filing taxes in Israel, mortgage interest is not currently tax deductible.
However, United States citizens may deduct mortgage interest paid on their home in Israel from their U.S tax returns, provided they itemize the deductions on Schedule A.
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Tzvi first came to Israel in 1995 from Passaic, NJ. He completed his B.S. in New York at the Sy Syms School of Business at Yeshiva University before returning to Israel. Prior to co-founding First Israel Mortgage, Tzvi served in numerous managerial and operational roles spanning the banking and financial industries.
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