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April 9, 2022
Question

If we pay less than $600 in interest on our H.E. Loan and don't have a 1098, how do we enter this on T. Tax?

  • April 9, 2022
  • 1 reply
  • 0 views
Our Financial institution isn't listed nor does it come up when typed in to get info from them.

1 reply

VolvoGirl
Employee
April 9, 2022

Unless you are itemizing deductions you don't need to enter it. Most people take the Standard Deduction now that it's bigger.

 

For 2021 the standard deduction amounts are:

Single 12,550 + 1,700 for 65 and over or blind (14,250)

HOH 18,800 + 1,700 for 65 and over or blind

Joint 25,100 + 1,350 for each 65 and over or blind

Married filing Separate 12,550 + 1,350 for 65 and over or blind