Can I deduct mortgage interest paid in 2019?

helenbradley · ‎January 24, 2020

CatinaT1 · ‎January 24, 2020

Yes, if you itemize your deductions.

When you enter all your information into TurboTax, it will calculate the best deduction for you to use - either the standard deduction or itemized deduction.

You may benefit from itemizing your deductions on Schedule A if you:

Do not qualify for the standard deduction, or the amount you can claim is limited,
Had large out of pocket medical and dental expenses during the year,
Paid interest and taxes on your home,
Made large contributions to qualified charities, or
Have total itemized deductions that are more than the standard deduction to which you otherwise are entitled.

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View solution in original post

CatinaT1 · ‎January 24, 2020

Yes, if you itemize your deductions.

When you enter all your information into TurboTax, it will calculate the best deduction for you to use - either the standard deduction or itemized deduction.

You may benefit from itemizing your deductions on Schedule A if you:

Do not qualify for the standard deduction, or the amount you can claim is limited,
Had large out of pocket medical and dental expenses during the year,
Paid interest and taxes on your home,
Made large contributions to qualified charities, or
Have total itemized deductions that are more than the standard deduction to which you otherwise are entitled.

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

Can I deduct mortgage interest paid in 2019?