Re: Why is actual tax deduction rate on mortgage i... - Community
Level 15

Get your taxes done using TurboTax

@GrantS 

 

Another thing you might do is

1)  change the mortgage interest back to $1000,  then $5000 and check line 9 of the form 1040,

2)  then back to $7000 and check line 9 again...

3)   what's the value of line 9 for each of those settings.

 

I have a suspicion you  are in Std Deduction territory on the Federal tax return with the lower $$ amounts, and just don't realize it.

 

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