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March 30, 2020
Question

interest on home loan

  • March 30, 2020
  • 1 reply
  • 0 views

when we input our interest and what we pay on  our property taxes,  it did not move the number amount on the (shows your refund amount) area. so I thought this would be counted as a deduction. the amount was $8,367.00 on interest and $1,994.00 for property taxes. 

1 reply

March 31, 2020

are those your only itemized deductions?  if so, you are taking the standard deduction because your itemized deductions are below $12,200 ($24.400 if joint)