TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Solved

Should I receive credit for entering my main home mortgage interest paid per 1098? Should the federal tax due change? I've used turbotax over 10 yrs.

Forum|Forum|7 years ago
June 1, 2019
5 replies
28 views

Please help. I do not understand why the federal tax due box did not change when I added the Mortgage interest paid?

Best answer by DanaB27

It is all combined under the Itemized Deduction. If you end up not having more than the increased Standard Deduction then TurboTax will use the Standard Deduction and entering the Mortgage interest won't create any change in the tax due.

Employee Tax Expert

Employee Tax Expert

Please be aware that due to the tax law changes the Standard Deduction increased quite a bit and it might be that you did not have enough to itemize to be over the Standard Deduction amount. Therefore entering the mortgage interest didn't result in any change. Also, the State, local and property taxes you can include are capped at $10,000.

Possible itemized deductions are:

Medical and dental costs above and beyond 7.5% of your AGI
State, local, real estate, and personal property taxes (capped at $10,000)
Home mortgage interest
Charitable donations and gifts

Please see this FAQ about the Standard Deduction amounts in 2018:

https://ttlc.intuit.com/replies/4208574

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Employee Tax Expert

Employee Tax Expert

You did not find this helpful, can I clarify anything?

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

Level 2

I understand that the State, local, and property tax is capped at $10,000. But how about my main mortgage interest? is this separate deduction?