How can you enter mortgage interest manually? I just purchased in Dec and only have a closing statement

travelwithmazi — Wed, 04 Feb 2026 19:43:19 GMT

Re: How can you enter mortgage interest manually? I just purchased in Dec and only have a closing statement

xmasbaby0 — Wed, 04 Feb 2026 19:47:45 GMT

The only things you may enter for your "just purchased" home would be any interest you paid, property tax or mortgage insurance for 2025.

There is not a first time home buyers credit on a Federal return. That ended in 2010. If your state has such as credit, you will be able to enter it when you prepare your state return.

Buying a home is not a guarantee of a big refund. Your deductions for homeownership combined with your other deductions (if any) must exceed your standard deduction to change your tax due or refund. If you purchased your home late in the year, you do not even have a full year of home ownership deductions.

Your closing costs on your new home are not deductible except for prepaid interest, prepaid property tax or loan origination fees. There are no deductions for appraisal, inspections, title searches, settlement fees. etc.

Your down payment is not deductible.

Your homeowners insurance for fire, hazard, flood, etc. is not deductible for your own home.

Home improvements, repairs, maintenance, etc. for your own home are not deductible. (With possible exceptions for certain energy credits) (BUT——do make sure you keep careful written records/invoices, etc. of any improvements you make to the home for someday when you sell it.)

Homeowners Association (HOA) fees for your own home are not deductible.

Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund. The deductions you enter do not necessarily count “dollar for dollar;” many of them are subject to meeting tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach. The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you.

2025 STANDARD DEDUCTION AMOUNTS

SINGLE $15,750 (65 or older/legally blind + $2000)

MARRIED FILING SEPARATELY $15,750 (65 or older/legally blind +1600)

MARRIED FILING JOINTLY $31,500 (65 or older/legally blind + $1600)

HEAD OF HOUSEHOLD $23,625 (65 or older/legally blind + $2000)

Re: How can you enter mortgage interest manually? I just purchased in Dec and only have a closing...

MaxA1 — Tue, 10 Feb 2026 13:45:25 GMT

Here's a link where it shows you were to enter your mortgage interest for the year; Where do I enter my 1098 mortgage interest statement?

@travelwithmazi

topic How can you enter mortgage interest manually? I just purchased in Dec and only have a closing statement in Deductions & credits

How can you enter mortgage interest manually? I just purchased in Dec and only have a closing statement

Re: How can you enter mortgage interest manually? I just purchased in Dec and only have a closing statement

Re: How can you enter mortgage interest manually? I just purchased in Dec and only have a closing...