Should I list my 1098 information if I am filing Standard Deduction?

faller46 · ‎January 22, 2023

They want to upgrade me to Deluxe version if I do.

xmasbaby0 · ‎January 22, 2023

If you are using your standard deduction then you have no reason to enter a 1098 for mortgage interest.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

ErnieS0 · ‎January 26, 2023

It depends on how much mortgage interest and other deductions you have.

If you are sure you are using the standard deduction, then do not upgrade. As Tax Champ @xmasbaby0 says “you have no reason to enter a 1098 for mortgage interest.”

The standard deductions for taxpayers under age 65 are:

$12,950 for single or married filing separately
$19,400 for head of household
$25,900 for married filing joint

To be able to itemize, your mortgage interest, state and local tax withholding, property taxes, charitable deductions and other itemized deductions must be more than those amounts. There is a $10,000 limit on all state and local taxes, including property tax.

You can add up your deductions offline and get an estimate.

See IRS Topic No. 501 Should I Itemize?

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