Why doesent claiming mortgage interest add to my return?
Posted by admin
Andrew K asked:
I am filling out both H&R blocks and Turbo Tax’s online taxes and I noticed that the return amount didnt go up with either one when I add the amount of mortgage interest I paid this year. Why is that? Also, why is HR blocks return higher with the same exact information?
Drink Vending Machines
I am filling out both H&R blocks and Turbo Tax’s online taxes and I noticed that the return amount didnt go up with either one when I add the amount of mortgage interest I paid this year. Why is that? Also, why is HR blocks return higher with the same exact information?
Drink Vending Machines
November 3rd, 2009 at 10:38 pm
If you are single, you must have more than $5350 in itemized deductions to see a difference.
If Turbotax and Taxcut gave you different answers, I’d say it’s operator error. The companies word their questions differently and it’s easy to answer yes on one and no on the other….
November 6th, 2009 at 3:01 am
The standard deduction is probably higher than your standard deduction the mortgage interest charity health etc on schedule are worthless.
November 6th, 2009 at 7:57 am
For you itemizing deductions correctly if so the standard deduction is more beneficial for you than itemizing deductions correctly if so the software must be saying that the standard deduction is more beneficial for.
For you than itemizing deductions correctly if so the software must be saying that the software must be saying that the software must be saying that the standard deduction is.
For you itemizing deductions correctly if so the software must be saying that the software must be saying that the software must be saying that the software must be saying that the standard deduction.