How do I get back to the screen where it asks if I purchased a home?

lptacek-crschool · ‎January 19, 2024

xmasbaby0 · ‎January 19, 2024

Federal>Deductions and Credits>Your Home

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

DoninGA · ‎January 19, 2024

The purchase of a personal residence is not reported on a tax return.

You can enter the mortgage interest paid, the real estate taxes paid and any points paid on the loan as an itemized deduction on Schedule A.

Click Federal on the left side of the online program screen.

Click on Deductions & Credits

Go through the section under Your Home

The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.

Standard deductions for 2023

Single - $13,850 add $1,850 if age 65 or older
Married Filing Separately - $13,850 add $1,500 if age 65 or older
Married Filing Jointly - $27,700 add $1,500 for each spouse age 65 or older
Head of Household - $20,800 add $1,850 if age 65 or older