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Message
mortgage interest deduction on house for tax filing
Posted on 4/8/15 at 4:56 pm
Posted on 4/8/15 at 4:56 pm
is there a minimum amount needed to qualify as a deduction to file on my return. I'm in Louisiana, and have no other deductions other than the house.
TIA!
TIA!
2
Posted on 4/8/15 at 5:06 pm to lsufan112001
My noneducated guess is you will probably not end up itemizing and end up using the standard deduction
I don't think there is technically a minimum for that particular deduction though
I don't think there is technically a minimum for that particular deduction though
Posted on 4/8/15 at 5:07 pm to lsufan112001
There's no minimum, but if that's your only deduction you may not be paying enough in interest to itemize and would be better off claiming the standard deduction.
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