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Deductions & credits
No worries. If you can itemize your deductions you want to be sure this is included.
- Under Deductions and Credits scroll to Your Home, then click show more.
- Click Start or Revisit beside 'Mortgage Interest and Refinancing (Form 1098)'
- Yes you have a 1098
- Enter the mortgage interest and the date you originally started this mortgage (does not have to be exact)
- Select 'We've already deducted.... points
- Answer details about the loan (home equity, refinance, none)
- Continue to 'Here's your 1098 info > Continue (you should see your mortgage interest entry)
- See the image below.
- The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400, and for heads of households, the standard deduction will be $19,400 for tax year 2022, up $600.
- If you're at least 65 years old or blind, you can claim an additional 2022 standard deduction of $1,400 ($1,750 if using the single or head of household filing status). If you're both 65 and blind, the additional deduction amount is doubled
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‎February 3, 2023
8:49 AM