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Can I deduct mortgage interest paid in 2019?
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January 24, 2020
10:13 AM
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Deductions & credits
Yes, if you itemize your deductions.
When you enter all your information into TurboTax, it will calculate the best deduction for you to use - either the standard deduction or itemized deduction.
You may benefit from itemizing your deductions on Schedule A if you:
- Do not qualify for the standard deduction, or the amount you can claim is limited,
- Had large out of pocket medical and dental expenses during the year,
- Paid interest and taxes on your home,
- Made large contributions to qualified charities, or
- Have total itemized deductions that are more than the standard deduction to which you otherwise are entitled.
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January 24, 2020
10:30 AM