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March 22, 2023
Question

Schedule A

  • March 22, 2023
  • 1 reply
  • 0 views

Why doesn't turbotax deluxe post my entered mortgage interest deduction to the summary?  The software is not transfering what I entered.  I will NEVER use this product again given the errors.  I now have to somehow manually fix this major software error.

 

    1 reply

    DoninGA
    Employee
    March 22, 2023

    Look at your Schedule A, the mortgage interest will be on Line 8a.  If the total of all your itemized deduction on Schedule A was not greater than the Standard Deduction for your filing status Schedule A will not be used and the Standard Deduction will be used.

     

    Standard deductions for 2022

    Single - $12,950 add $1,750 if age 65 or older
    Married Filing Separately - $12,950 add $1,400 if age 65 or older
    Married Filing Jointly - $25,900 add $1,400 for each spouse age 65 or older
    Head of Household - $19,400 add $1,750 if age 65 or older