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I received IRS notice "Our records show you claimed too large of a Home Mortgage Interest Deduction on Schedule A of your 2024 Form 1040 tax return". What am I doing?
Filed with TurboTax and received this notice on 12/15:
Our records show you claimed too large of a Home Mortgage Interest Deduction on Schedule A of your 2024 Form 1040 tax return.
Review and fix any incorrect home mortgage interest claims. This may help you avoid additional interest or penalties.
How do i review my return and determine if it's right or wrong? and what the rules for that deduction?
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‎December 31, 2025
9:06 AM