Mortgage Interest Deduction

2 replies
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Hi,

I am filing single. I entered my home mortgage interest I paid for 2023 as stated on my Form 1098. But TT is not populating Schedule A line 8a with the amount. TT is telling me I only qualify for the standard deduction even though my mortgage interest, RE and property taxes and charitable contributions total $18,904. Why can I not itemize?

Thank you

Cynthiad66

Alumni - Intuit

Check to make sure that your Property Tax limitation is being applied accurately.

• If you itemize your deductions, you can deduct the property taxes you pay on your main residence and any other real estate you own.

• The total amount of deductible state and local income taxes, including property taxes, is limited to $10,000 per year.

This limitation could possibly affect the total itemized deductions.

Claiming Property Taxes on your Return

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PH241Author

Level 2

Hi Cynthia,

My property tax plus local and state taxes are less than $10,000. They are being applied correctly. My question is regarding my mortgage interest I paid. TT did not populate the amount on Schedule A. Actually, I just went ahead and manually added it myself. I can now itemize.

Thank you