- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
Schedule A, line 8a is Home mortgage interest and points.
The limit for a mortgage interest deduction is $750,000. That means this tax year, single filers and married couples filing jointly can deduct the interest on up to $750,000.
Please go back and confirm the entries from your 1098 mortgage statement. If your mortgage is less than $750,000 the full amount of interest plus points should be entered.
**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"
‎January 25, 2021
12:45 PM