KrisD15
Expert Alumni

Deductions & credits

The first question would be this-

Do you think the amount of Home Mortgage Interest you paid will make taking Itemized Deductions more advantageous that taking the Standard Deduction?

If adding Home Mortgage Interest to your other deductions won't be more than the amount of Standard Deduction for which you qualify, the interest amount is irrelevant and therefore not needed. 

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