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March 16, 2020
Question

If we, married couple filing jointly, are taking the standard deduction will entering our Mortgage interest affect our AGI?

  • March 16, 2020
  • 2 replies
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2 replies

VolvoGirl
Employee
March 16, 2020

No.  But you still should enter your deductions.  You might be able to itemize on the state return.

March 16, 2020

The mortgage interest that is asked will be used to see if the itemized deductions are higher than your standard deduction.  If the standard is taken then the mortgage interest entered is not in the calculation.