Is the mortgage interest deduction calc an error for anyone else? seems to be 50% of what it should be (even allowing for the limit on mortgage size of $750k)

entered in 2 mortgage interest (refinanced in 2020) from both banks. The itemized deductions seems to be 50% of what it should be, compared to last years taxes for confirmation. Cant find a tax code change - so suggests a calculation error. Reviewed my inputs, but seems to be correct --> anyone else?

102

Expert Alumni

Feb 13, 2021 1:38:03 PM

Take a look at the following TurboTax article which was issued recently for instructions to enter your mortgage interest when you refinanced.

What do I do if I have multiple 1098s from refinancing my home debt?

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Is the mortgage interest deduction calc an error for anyone else? seems to be 50% of what it should be (even allowing for the limit on mortgage size of $750k)