The Mortgage Interest Worksheet may not be calculated correctly because the Box 2 Outstanding Mortgage Principal amounts on Form 1098 are adding up to more than $750,000. This is lowering the deduction that you may be eligible for if you are itemizing deductions. The finalized worksheet is not estimated to be available until February 17, 2022.
For more information on the limit to mortgage interest deductibility, see IRS Publication 936.
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