(Closed) Tax opinion/help???

posted 5 years ago in Money
Post # 3
Member
6124 posts
Bee Keeper
  • Wedding: August 2012

@mrsw5711:  Have you always itemized in the past?  Is the standard deduction this year perhaps high enough that it is more than your itemized deductions?

Post # 4
Member
2214 posts
Buzzing bee

I agree with @sienna76:.  If your itemized deductions weren’t more than the standard deduction then adding your mortgage interest and property tax wouldn’t change how much you owe or how much you get back.

Post # 5
Member
3156 posts
Sugar bee

@mrsw5711:  You probably didn’t have enough to itemize so you took the standard deduction. I can’t remember what the standard deduction is, but you’ll need to come up with around 12,000 in expenses in order to itemize – things like mortgage interest expense, property taxes, donations, state income taxes, medical expenses above 7% (or maybe it was 7.5%) of your AGI, etc.

If you took that standard deduction, this does nothing to your refund/amount due.

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