I've misplaced my information from my mortgage company. Will it make a difference on my refund? I guess I can request another copy from my mortgage company.

[BMcCalpin · Accepted solution]

We can't be sure if it will make a difference on your return, but read below...

Mortgage interest on your home is reported on form 1098. Property taxes are also often reported on form 1098 (but aren't required to be).

For many homeowners, these two items are the largest part of their Itemized Deductions. If their Itemized Deductions exceeds the Standard Deduction for their filing status, then TurboTax will automatically choose the Itemized Deductions as reported on Schedule A.

If your return can use Schedule A, then each additional dollar on Schedule A reduces your taxable income and therefore decreases the tax due or increases your refund.

But this is not guaranteed; it depends on the other amounts that you can place on Schedule A as well as your Standard Deduction. The best thing would be to get a copy of the 1098 and see what difference it makes.