Mark7902
New Member

$40k mortgage interest why does TT tell me to take the standard deduction?

Bought in 2024, loan $655k, mortgage interest nearly $40k. (Yes high interest.)  Primary home. 

I have some self-employment income but not sure how that is relevant.  I am mostly unsure why I can't deduct the $40k and why TT say to take the standard deduction.  Married, head of household. Max SALT, too.