Being home owner doesn't reduce my fed taxes since interests and property taxes are not deductible... so can I just ignore the fact that I owe a home and file for free?

corinnemarcotjon · ‎June 1, 2019

Vanessa · ‎June 1, 2019

They are still deductible, but only if they are more than $12,000 combined with all of your other itemized expenses. This year, the standard deduction increased drastically to $12,000 for single, $24,000 for married filing jointly.

But, yes, if they do not total more than your standard deduction, you can ignore the fact that you own a home and file for free.

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Vanessa · ‎June 1, 2019

They are still deductible, but only if they are more than $12,000 combined with all of your other itemized expenses. This year, the standard deduction increased drastically to $12,000 for single, $24,000 for married filing jointly.

But, yes, if they do not total more than your standard deduction, you can ignore the fact that you own a home and file for free.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Being home owner doesn't reduce my fed taxes since interests and property taxes are not deductible... so can I just ignore the fact that I owe a home and file for free?