Mobile Home Tax Deductions

by Steve Lander
If you can eat and sleep in it, it's tax-deductible.

When the Internal Revenue Service looks at your mobile home, it doesn't really see its mobility. The IRS sees that it's a home. As such, it gives you access to all of the same write-offs as any other home owner. The IRS even lets you claim deductions on your mobile home if it's your second home.

Definition of a Home

The IRS looks for three things to define whether a place is your home. To be a home in the IRS' eyes, it must have a place for you to sleep, a place for you to cook, and a place for you to wash and go to the bathroom. While a traditional house meets this definition, a manufactured home, trailer, recreational vehicle or boat can also meet it. All of them can be homes.

Interest Deduction

To write off the interest on the loan for your mobile home, the loan must be secured by the home. If you don't have land with your home, you might not have a traditional mortgage, but as long as your mobile home is the collateral for the loan and the lender can take it if you don't make your payments, you can write off the interest. The interest deduction for your mobile home is the same as for a home loan -- you can write off the interest on up to $1 million that you borrow to buy or improve your mobile home, or the land on which it sits, and the interest on an additional $100,000 that you borrow for any reason with the home as collateral.

Property Tax Deduction

If your mobile home sits on land, the property taxes you pay are deductible on your Schedule A with your other itemized deductions. If it doesn't come with a piece of real estate, though, you probably don't have to pay property taxes. However, many states levy personal property taxes. Whether you're paying a personal property tax on a boat or a tax tied to the value of your trailer or RV, those taxes are also deductible on Schedule A.

Second Homes

These deductions apply to your first and your second home to the extent that your total debt is under the limits. It doesn't matter whether your primary residence -- or your secondary one -- is a house, a condo, a mobile home or a boat that qualifies as a home under IRS rules.

About the Author

Steve Lander has been a writer since 1996, with experience in the fields of financial services, real estate and technology. His work has appeared in trade publications such as the "Minnesota Real Estate Journal" and "Minnesota Multi-Housing Association Advocate." Lander holds a Bachelor of Arts in political science from Columbia University.

Photo Credits

  • Andy Reynolds/Lifesize/Getty Images