topic Mortgage Interest deduction in Home loans

Mortgage Interest deduction

jlh636 — Sat, 14 Dec 2019 19:58:36 GMT

Hi,

Looking at my 2018 taxes I filed, I noticed that I entered $10,000+ in mortgage interest, but when my taxes were filed Turbo Tax only gave me credit for $4400? Why is that? Thanks!

Re: Mortgage Interest deduction

soultax09 — Sun, 15 Dec 2019 00:01:20 GMT

did you enter the mortgage balance?

Re: Mortgage Interest deduction

jlh636 — Sun, 15 Dec 2019 01:51:09 GMT

OMG, thank you!!!!! I went back in an realized that that I put my mortgage interest in and then mixed it with my HELOC info. You helped me tremendously. I must have looked at that 20 times and never realized it. I hope you have a very Merry Christmas!

Re: Mortgage Interest deduction

Bees — Mon, 16 Dec 2019 00:47:37 GMT

Info to help you file an amended return if you need to. https://turbotax.intuit.com/tax-tips/amend-return/how-to-correct-federal-tax-returns/L67t0F7il