- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Mortgage Interest Deduction
Hello,
I am in process of completing my 2019 taxes and have a question on mortgage interest deduction. I have paid total interest of $21,677, however, only $3,421 is actually being applied towards my itemized deduction. I have attached a screenshot. Does anyone know why?
Thanks,
Hitesh
February 14, 2020
3:07 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Please click on the link Why the Difference? to get an explanation.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
February 14, 2020
3:26 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
If you mortgage interest is not being limited due to having a mortgage that exceeds the limits of $1,000,000 if taken out before December 2017 or $750,000 if the home was purchased after that date, your best option is to have a live agent look at what it going on in your tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
February 15, 2020
8:31 AM