Question

There is a glitch in the 2022 TurboTax Deluxe download version......it is not calculating mortgage interest in itemized deductions.

Forum|Forum|3 years ago
January 30, 2023
4 replies
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TurboTax Deluxe Online

Please clarify what you are seeing and someone may be able to help with your specific experience.

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G

gfsommersAuthor

In the desktop version of the 2022 TurboTax Deluxe it is not calculating the itemized deductions correctly. TurboTax is saying standardized deduction, $12,250, when it should be $10k (max on taxes) plus mortgage interest, $7.3k, for a total of $17.3k. I talked to an expert two days ago and he was stumped as well. I was put on hold and then got disconnected. I have used TurboTax for over a decade. This is the first time I have had a problem.

fanfare

Employee

If you are not getting the deduction, you must have marked the interest not used to buy build or improve your home.

OR you checked the option to force the standard deduction.

Desktop user, inspect Schedule A to see where the error is.

@gfsommers

A

AlyonaMerritt

Yes, I had the exact same issue with my taxes. Also have been using TurboTax for 15 plus years and had never had such a problem.

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rajitripathi

When my Federal Taxes due were found to be considerably more than expected, I went to the Tax History under FORMS Tab. When compared to the previous tax year information, I discovered that under various Itemized Deductions on Schedule A, conspicuously missing was the mortgage interest paid in 2022.

I checked under Deductions and Credits, and verified that the Mortgage interest for 2022 was entered; however, TURBOTAX did NOT include it. So, I manually entered in the worksheet and voila!

Interestingly, my State Tax Refund is $2 more than the amount due on Fed Taxes. I am happy to report that I am rich by $2!!!

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rajitripathi

Standard Deduction for 2022 is NOT, $10,000 $12,950 for single filers and those married filing separately, $25,900 for joint filers, and $19,400 for heads of household.

The $10k limit is on State Taxes and Property Taxes combined.