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Get your taxes done using TurboTax
Mortgage interest will only count towards deductions if you are itemizing your deductions. TurboTax automatically calculates if you should itemized your deductions or take the standard deduction.
The standard deductions for 2019 are.
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Single - $12,200 add $1,650 if age 65 or older add.
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Married Filing Separately - $12,200 add $1,300 if age 65 or older.
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Married Filing Jointly - $24,400 add $1,300 for each spouse age 65 or older.
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Head of Household - $18,350 add $1,650 if age 65 or older.
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‎February 17, 2020
9:39 AM