Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Apr 12, 2025 5:59:59 PM

mortgage interest not calculating even though I did it correctly

My tax owed did not decrease for the first time ever when entering in my mortgage interest paid on a regular home, no refinancing and no equity line of credit. Should be simple. The loan is secured. I delted and reentered the 1098 several times. Is this happenign ot anyone else and can anyone help? Thanks!

0 1 689
1 Replies
Expert Alumni
Apr 12, 2025 6:06:35 PM

Entering your mortgage interest will only change your tax when you have already entered enough itemized deductions to exceed the standard deduction. 

 

Here are the standard deductions for 2024:

 

  • Single and Married Filing Separately taxpayers: $14,600
  • Married Filing Jointly taxpayers: $29,200
  • Head of Household: $21,900