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chunk454
New Member

Can someone explain why when I entered my 1098 for my mortgage my tax return did not increase?

 
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1 Reply
Coleen3
Intuit Alumni

Can someone explain why when I entered my 1098 for my mortgage my tax return did not increase?

Your mortgage interest and any other Itemized Deduction you entered are probably not larger than the standard deduction the IRS gives you.

The standard deduction for married filing jointly rises to $12,700 for tax year 2017. For single taxpayers and married individuals filing separately, the standard deduction rises to $6,350 in 2017.  For heads of households, the standard deduction will be $9,350 for tax year 2017.

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