Question

Shouldn't an adjustment to the mortgage interest effect the taxes? The refinance was used for the secured home and and a second home. Pub936 says that's allowable.

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Employee

Many taxpayers are finding, this year, that they're not getting a tax benefit by claiming home mortgage interest and property tax.

The standard deduction has nearly doubled, this year, and because of this, many people are no getting a tax benefit by itemizing.

Please see the TurboTax FAQ "What's my standard deduction for 2018?" below for more information.

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