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New Member
posted Jun 3, 2019 12:15:45 PM

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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New Member
Jun 3, 2019 12:15:46 PM

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.

1 Replies
New Member
Jun 3, 2019 12:15:46 PM

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.