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Deductions & credits
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Limited interest and points must be entered
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Note that your mortgage interest and property tax might not change your total tax refund. It will only change if your total itemized deductions exceeds your standard deduction. In the TurboTax program, when you enter itemized deductions such as mortgage interest, property taxes, medical expenses, charitable contributions, all of these items are added together. Unless the total of itemized deductions exceeds the standard deduction for your filing status, you would not see any change in tax due or refund. You should receive a Form 1098 which reflects the mortgage interest, points or property taxes you actually paid.
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