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Question for TurboTax Users (Mortgage Interest Write-Off) [View All]

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Stevendsmith Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-12-06 10:49 AM
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Question for TurboTax Users (Mortgage Interest Write-Off)
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My wife and I are using TurboTax for the first time since owning a home. We’re in the middle of the process and currently show a tax due of $1,200. We expected that number to go down significantly once we entered the amount of interest paid on our mortgage (around $5,000). But it didn’t go down at all.

I thought we were able to write off our interest payments.

Can anyone comments on this?

Thanks!
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