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June 1, 2019
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Why isn't mortgage interest showing on Schedule A?

  • June 1, 2019
  • 1 reply
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Where do I get an answer to my question?

Best answer by SherylSTaxExpert

How much is your mortgage interest, and do you have any other itemized deductions other than mortgage interest?

The recent changes in 2018 may have resulted in the standard deduction being more advantageous to you. Starting in 2018 the standard deduction is as follows:

Single/Married Filing Separate- $12,000

Head of Household- $18,000

Married Filing Joint- $24,000

If your standard deduction is higher, TurboTax would utilize the standard deduction vs itemizing (which is where mortgage interest is shown).

1 reply

Employee
June 1, 2019

How much is your mortgage interest, and do you have any other itemized deductions other than mortgage interest?

The recent changes in 2018 may have resulted in the standard deduction being more advantageous to you. Starting in 2018 the standard deduction is as follows:

Single/Married Filing Separate- $12,000

Head of Household- $18,000

Married Filing Joint- $24,000

If your standard deduction is higher, TurboTax would utilize the standard deduction vs itemizing (which is where mortgage interest is shown).