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I'm only getting standard $29,200 but I have over $25k mortgage interest and maxed out $10k SALT. Shouldn't I get itemized deduction of $35k instead?

TurboTax saying standard deduction of $29,200 is better than itemizing. Not making sense. Did something change? My loan amount is only $630k
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DawnC
Employee Tax Expert

I'm only getting standard $29,200 but I have over $25k mortgage interest and maxed out $10k SALT. Shouldn't I get itemized deduction of $35k instead?

Go back through your mortgage interest entries.   There is probably a question answered incorrectly that is causing the interest not to qualify.   How many 1098 mortgage interest statements do you have entered?     If you have multiple forms, see the help articles below.

 

Mortgage Interest requirements

 

How to switch deductions

 

Multiple 1098s in TurboTax Online

Multiple 1098s in Desktop

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