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loanreptmt
New Member

Hello how do i enter my 1098 so it can populate to my schedule a. It is giving my standard deduction so it is not allowing me to input to populate

 
1 Reply
TomK
Expert Alumni

Hello how do i enter my 1098 so it can populate to my schedule a. It is giving my standard deduction so it is not allowing me to input to populate

Please read this TurboTax FAQ for additional information on where to enter a 1098 mortgage interest statement: Where do I enter my 1098 mortgage interest statement?

The Tax Cuts and Jobs Act of 2017 nearly doubled the standard deduction amount for tax years 2018 through 2025.

In addition, the SALT deduction (state, local, property, and sales tax) is now capped at $10,000 ($5,000 for couples filing separately), whereas in prior tax years there was no cap.

As a result of these and other tax law changes, our estimate is that nearly 90% of tax filers will now be taking the higher standard deduction, up from around 70% last year. And if you're in the 90% group, you won't see a change in your refund after entering your mortgage interest and property taxes.

Please read this TurboTax FAQ for information on “Why didn't my mortgage or property taxes increase my refund?”: Why didn't my mortgage or property taxes increase my refund?

Please read this TurboTax FAQ for additional information on "How do I change from the standard deduction to itemized (or vice-versa)?": How do I change from the standard deduction to itemized (or vice-versa)?

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