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ashf1229
New Member

My Federal refund didn't change even after entering my mortgage interest. Does this seem right?

should mortgage interest increase my refund?
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2 Replies

My Federal refund didn't change even after entering my mortgage interest. Does this seem right?

Mortgage interest only benefits you for Federal if your total itemized deductions exceed the Standard deduction.

 

You are asking from TT Free.  If you have sufficient deductions to exceed the Standard Deduction, you will need to upgrade to TT Deluxe.

JulieS
Expert Alumni

My Federal refund didn't change even after entering my mortgage interest. Does this seem right?

It depends on whether your total itemized deductions are more than your standard deduction.


The standard deduction is based on your filing status:

  • Single is $12,550
  • Married filing jointly is $25,100
  • Head of household is $18,000

TurboTax adds in your standard deduction when you select it at the start of your tax return.

 

As you add itemized deductions, your refund does not change until the total of your itemized deductions is more than the standard deduction.
 

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