You'll need to sign in or create an account to connect with an expert.
I'm guessing that before you added the mortgage interest your itemized deductions were below your standard deduction, and afterwards your itemized deductions were above the standard deduction. If so, you would only get a tax benefit to the extent that your itemized deductions exceed the standard deduction, and not for the full amount of mortgage interest.
I'm guessing that before you added the mortgage interest your itemized deductions were below your standard deduction, and afterwards your itemized deductions were above the standard deduction. If so, you would only get a tax benefit to the extent that your itemized deductions exceed the standard deduction, and not for the full amount of mortgage interest.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
chunhuach
Level 1
gowrish
New Member
Kaybru20
New Member
SelenaP
New Member
karlameyer
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.