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hi rj baxter here reverse mortgage lender in denver colorado for fairway independent mortgage one of the most common questions that we get is can i deduct the interest on my reverse mortgage and the short answer is no the reason why is youamp;#39;re not actually making a payment typically on a reverse mortgage one of the reasons why a lot of folks look at reverse mortgages is because you donamp;#39;t have to make a payment payments are optional so if you donamp;#39;t actually make a payment youamp;#39;re not actually paying the interest on a reverse mortgage the interest is added to the balance of your loan indefinitely for your entire life so you never have to make a payment now if you do make a payment on the reverse mortgage you may have a portion of your interest thatamp;#39;s tax deductible this is something that you should consult a tax professional about iamp;#39;m not a tax professional iamp;#39;m a mortgage originator but talk to your tax professional about this but aga