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r_10_jr
New Member

Shoul I receive money back from my mortgage taxes the 1098?

 
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AnnetteB6
Employee Tax Expert

Shoul I receive money back from my mortgage taxes the 1098?

Possibly. 

 

Entering your mortgage interest and property taxes help to increase your itemized deductions on Schedule A.  Other common itemized deductions include charitable contributions, out of pocket medical expenses, and state and local taxes.  If all of these items add up to be greater than the standard deduction for your filing status, then your refund may be increased.  

 

If you did not see an increase in your refund when you included the mortgage interest information, then you may not have enough itemized deductions to exceed your standard deduction.

 

Take a look at the information in the following TurboTax article for instructions to compare your itemized deductions to your standard deduction:  How do I change from the standard deduction to itemized deductions or vice versa?

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