Itemized deductions aren't adding up right; standard deduction seems wrong

[endotronic]

Hi experts, I hope someone can help.

Last year my itemized expenses exceeded my standard deduction, and I took that deduction. This year looks the same, but TurboTax believes the standard deduction is right for me. I don't understand it.

• I'm married, filing jointly, so my standard deduction (if taken) is $24,800
• TurboTax believes my itemized deductions total $21,904
• I don't see where $21,904 comes from;
  • My mortgage interest were $22,530
  • My property taxes were $6,523
  • My charitable donations totaled $2,525
  • Aren't these all deductible, for a total of $31,578?

Here is a possible hint, though I don't understand it. I refinanced my mortgage towards the end of 2020. I paid about $21,000 on the loan before refinancing, and then about $1,500 on the new loan. If I remove the new loan, suddenly the math makes sense to me, and TurboTax recommends the itemized deductions. It seems something about this new loan throws everything off, but I don't understand how.

[SteamTrain · Accepted solution]

The Re-fi is causing tons of folks all kinds of problems

Read this and see if it helps  (beyond that, I have no idea how well it works or not)

https://ttlc.intuit.com/community/loans/help/what-do-i-do-if-i-have-multiple-1098s-from-refinancing-...

[endotronic]

Thanks, that solves my problem. It seemed wrong to combine the 1098s (still does...) but whatever; the math makes sense this way.