DawnC
Employee Tax Expert

After you file

As mentioned above, you will need to wait a bit before you can amend.   Did you itemize your deductions, or did you take the standard deduction?   Mortgage interest is an itemized deduction, so if you take the standard deduction, mortgage interest and real estate taxes are not deductible.

 

Mortgage interest can only be claimed on a maximum of two homes (main home and a second home). If you have mortgages on two homes and a timeshare, you won’t be able to deduct the mortgage interest on one of those properties.

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