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New Member
posted Mar 16, 2020 9:49:59 AM

If we, married couple filing jointly, are taking the standard deduction will entering our Mortgage interest affect our AGI?

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2 Replies
Level 15
Mar 16, 2020 9:53:34 AM

No.  But you still should enter your deductions.  You might be able to itemize on the state return.

New Member
Mar 16, 2020 9:56:00 AM

The mortgage interest that is asked will be used to see if the itemized deductions are higher than your standard deduction.  If the standard is taken then the mortgage interest entered is not in the calculation.