If I know the standard deduction is greater than my mortgage deduction and choose to use the standard, do I need to enter my mortgage deduction on my tax return
If I know the standard deduction is greater than my mortgage deduction and choose to use the standard, do I need to enter my mortgage deduction on my tax return
One advantage of reporting all itemized deductions is that the state standard deduction might be lower than your itemized deductions so you could file with the standard deduction on federal and itemized on state if your state has an income tax.