Mortgage interest is not being calculated

Forum|Forum|11 months ago
April 12, 2025
1 reply
0 views

When I enter my mortgage interest info it is not calculating on the tax owed meter - nothing happens.

I am qualfied for it, no refinancing and I meet all the requirements and loan is secured and all of htat - I have rread a lot of other posts about this problem.

But mine is simple and I'm not getting the deducting. Just a simple home purchase with no equity or refinancing. Got the deduction last year, it showed on the meter. This year - nothing!

Can anyone help me??

I thought my taxes would only take a little timebecuase I have everything all ready but now this glitch is delaying me - I will not accept this glitch and just pay extra!

SAME thing happens when I get to the standard decuction part! It says congratulations you get the standard deduction and get a huge tax break. But then nothing happens on the meter.

Confused - can anyone help?

Thank you!

SMH

MindyB

You have qualified for the standard deduction, so that amount will be used in the computation of tax until you've entered enough itemized deductions to exceed the standard deduction.

Meaning, the deductions will not change the meter until they are over the threshold. The standard deduction is $29,200 for a joint return and $14,600 for a single person. Once your itemized deductions are more than that, the meter will change with each additional allowable expense.

Here is an article you may find helpful: Standard Deduction vs. Itemized Deductions: Which Is Better?

shiggins15Author

Thank you for the reply! My itemized deductions are way more than the standard deduction. So this still does not make sense to me 😞

shiggins15Author

This is the first time this has ever happened in my life so this does not make sense to me. I've always claimed the standard deduction yet the meter always went down for the mortgage interest. I'm completely lost here and afraid to file at all - this does nto seem right.