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kellydu4
New Member

We just bought a new house, but my tax return is not much higher than it was last year when I filed.

Did I submit my information incorrectly?
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1 Reply

We just bought a new house, but my tax return is not much higher than it was last year when I filed.

New home sometimes does not help as much in the year of purchase.  This is due to not paying mortgage interest and property taxes for entire year.

Next year you will have a full year of mortgage interest and property taxes. 

However to make sure you have included everything, look below to see if you have these items.  A good place to look besides the 1098, is the HUD-1 closing document also.

The Mortgage Interest, Points (sometimes called Loan origination fee). Mortgage Insurance and Property taxes, should be entered under "Your Home" in the Deductions and Credits section. 

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