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I did not get credit for my home mortgage interest. please help me understand the new rules. I refinanced my original loan back in 2009 for home improvements.

 
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chrbenvt
New Member

I did not get credit for my home mortgage interest. please help me understand the new rules. I refinanced my original loan back in 2009 for home improvements.

The tax law changed and you may not have enough to itemize anymore.   For a married couple  you need $24k in expenses which include mortgage interest,  property taxes, state taxes and charitable contributions,  these are generally the main items on Schedule A.

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chrbenvt
New Member

I did not get credit for my home mortgage interest. please help me understand the new rules. I refinanced my original loan back in 2009 for home improvements.

The tax law changed and you may not have enough to itemize anymore.   For a married couple  you need $24k in expenses which include mortgage interest,  property taxes, state taxes and charitable contributions,  these are generally the main items on Schedule A.

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