PattiF
Expert Alumni

Deductions & credits

There is not a new cap on the other deductions. The cap is $10,000 which includes real estate taxes and state and local taxes. Mortgage interest would increase the itemized deductions to over $16k. Head of Household filing status has a standard deduction of $18,800.

 

The mortgage interest that you paid may have decreased since you refinanced last year. If you have a lower interest rate now, this could account for not having enough deductions to be higher than the standard deduction.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"