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P
pkeegan72
February 19, 2020
Question

mortgage interest

  • February 19, 2020
  • 1 reply
  • 0 views

Why isn't my mortgage interest being deducted this year.  It always has in the past??

    1 reply

    J
    JFRAHER
    February 19, 2020

    Please go over the entries you made when entering your 1098 mortgage interest statement.

    Pay special attention to the questions about the property securing the loan and outstanding mortgage balance.

     

     

      M
      miyamotos
      February 21, 2020

      I think there is a problem with the software.  I have this issue also.

      It says you will get the full credit, but when the you do the final review, the credit is -0-,

        K
        klehnhardt
        February 22, 2020

        Review your total Itemized deductions. If the total amount is less than your Standard Deduction the program will deduct the Standard Deduction.

         

        The 2019 Standard Deductions are:

        • Single and Married Filing Separate - $12,400.
        • Married Filing Jointly and Qualified Widow - $24,800.
        • Head of Household - $18,050.
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