Are you asking about mortgage interest or mortgage insurance premiums? bubbafrombama and xmasbaby0 thought you were asking about mortgage insurance premiums.
If you are asking about mortgage interest, it should be showing up on your Schedule A. The new bill that was just passed last week did not make any change regarding mortgage interest. Please clarify exactly what you mean by "not being recognized." If you look at Schedule A in forms mode, is the mortgage interest shown on line 8a? If it's there, but it is not reducing your tax, your total itemized deductions might be less than your standard deduction. After you have entered all your deductions, what are the exact amounts on Schedule A line 17 and Form 1040 line 8?
If you are asking about mortgage insurance premiums, what you hear is correct, unless you want to wait until the IRS has issued revised forms and TurboTax has been updated. But that could be quite a while. The three-year deadline is for getting a refund. If you owe tax, you can wait as long as you like to file (until the IRS starts sending you notices). But you have already incurred penalties and interest, and they keep accruing. The longer you wait, the more your penalties and interest will be. So you are better off filing now without the deduction for mortgage insurance premiums, then amending later if the additional deduction saves you money.
