Mortgage interest is only one of many itemized deductions reported on a Schedule A.
The total of all your itemized deductions on Schedule A must be greater than the standard deduction for your filing status to have any tax benefit.
Standard deductions for 2018
- Single - $12,000 add $1,600 if age 65 or older
Married Filing Separately - $12,000 add $1,300 if age 65 or older
Married Filing Jointly - $24,000 add $1,300 for each spouse age 65 or older
Head of Household - $18,000 add $1,600 if age 65 or older
Did you enter the Lender for the mortgage and the interest reported on the Form 1098?
Download the PDF of your tax return to include all worksheets using Print Center, if this is for a 2018 tax return. The Mortgage Interest Statement will be included.
Does your tax return include a Schedule A? There would also be a Home Mortgage Interest Worksheet for the lender included showing the amount entered on Schedule A Line 8.
When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state.
This will take you back to the 2018 online tax return.