Please read this TurboTax FAQ for additional information on where
to enter a 1098 mortgage interest
statement: Where do I
enter my 1098 mortgage interest statement?
The Tax Cuts and Jobs Act of 2017 nearly doubled the
standard deduction amount for tax years 2018 through 2025.
In addition, the SALT deduction (state, local, property, and
sales tax) is now capped at $10,000 ($5,000 for couples filing separately),
whereas in prior tax years there was no cap.
As a result of these and other tax law changes, our estimate
is that nearly 90% of tax filers will now be taking the higher standard
deduction, up from around 70% last year. And if you're in the 90% group, you
won't see a change in your refund after entering your mortgage interest and
property taxes.
Please read this TurboTax FAQ for information on “Why didn't my mortgage or property taxes
increase my refund?”: Why
didn't my mortgage or property taxes increase my refund?
Please
read this TurboTax FAQ for additional information on "How do I change from the standard deduction
to itemized (or vice-versa)?": How do I change from the standard
deduction to itemized (or vice-versa)?
