Can anyone tell me why I received a popup on turbo tax why I cannot deduct mortgage interest. Is there a new law where you can't deduct this anymore?

lballard1 — Tue, 04 Jun 2019 19:06:06 GMT

Why can't deduct mortgage interest for 2018?

The tax reform laws that were enacted for tax years begin...

JulieCo — Tue, 04 Jun 2019 19:06:08 GMT

The tax reform laws that were enacted for tax years beginning in 2018 restricted the ability to deduct mortgage interest compared to 2017. Plus, the standard deduction is much higher in 2018 which will impact whether one should itemize deductions which includes mortgage interest.

Here is information below on the requirements to deduct mortgage interest, as well as interest on a Home Equity line of credit in 2018:

https://ttlc.intuit.com/replies/3300473

https://ttlc.intuit.com/replies/5759569

topic Can anyone tell me why I received a popup on turbo tax why I cannot deduct mortgage interest. Is there a new law where you can't deduct this anymore? in Deductions & credits

Can anyone tell me why I received a popup on turbo tax why I cannot deduct mortgage interest. Is there a new law where you can't deduct this anymore?

The tax reform laws that were enacted for tax years begin...