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February 14, 2025
Question

I'm only getting standard $29,200 but I have over $25k mortgage interest and maxed out $10k SALT. Shouldn't I get itemized deduction of $35k instead?

  • February 14, 2025
  • 1 reply
  • 0 views
TurboTax saying standard deduction of $29,200 is better than itemizing. Not making sense. Did something change? My loan amount is only $630k

    1 reply

    DawnC
    February 15, 2025

    Go back through your mortgage interest entries.   There is probably a question answered incorrectly that is causing the interest not to qualify.   How many 1098 mortgage interest statements do you have entered?     If you have multiple forms, see the help articles below.

     

    Mortgage Interest requirements

     

    How to switch deductions

     

    Multiple 1098s in TurboTax Online

    Multiple 1098s in Desktop

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