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December 21, 2024
Question

Myy 2023 printed copy of my tax return does not show the mortgage interest paid. However, when I go into the 1098 summary, it is there.

  • December 21, 2024
  • 1 reply
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I went in to amend my 2023 but turbo tax shows that it was there. But its not on my return.

    1 reply

    DoninGA
    Employee
    December 21, 2024

    Mortgage interest paid is reported on Schedule A as an itemized deduction.

     

    The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

    Standard deductions for 2023

    Single - $13,850 add $1,850 if age 65 or older
    Married Filing Separately - $13,850 add $1,500 if age 65 or older
    Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
    Head of Household - $20,800 add $1,850 if age 65 or older