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I added a 1098 after I had filed and my refund did not change. Why did not change or adjust?

Forum|Forum|7 years ago
June 5, 2019
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Best answer by DawnC0

Mortgage interest is an itemized deduction. If the total of your itemized deductions is not more than your standard deduction, you will not see any change. Once the total of your itemized deductions ( mortgage interest, property taxes, medical expenses, miscellaneous, etc.) surpass your standard, you will start to see your refund amount change.

There is a plus side; at least you know that you do not have to do an amendment.

DawnC0

Employee

what kind of 1098? And do you itemize deductions?

P

paladinmhAuthor

Mortgage intrest, the had sold my loan after maybe 2 moths. I just tried to do a refill with you and when I entered the values my refund did not chang. I’m guessing that the amount entered was not enough to trigger a change in value?

DawnC0Answer

Employee

Mortgage interest is an itemized deduction. If the total of your itemized deductions is not more than your standard deduction, you will not see any change. Once the total of your itemized deductions ( mortgage interest, property taxes, medical expenses, miscellaneous, etc.) surpass your standard, you will start to see your refund amount change.

There is a plus side; at least you know that you do not have to do an amendment.