First time home owner - tax return

You must itemize for it to make any difference at all. How much mortgage interest did you pay? Do you have any other itemized deductions?

I don’t itemize anything else. I paid $5,100.00 in 2017

Tax Refund Calculaor

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I don’t itemize anything else. I paid $5,100.00 in 2017

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Then you likely will just use the standard deduction, which is $6,350 for a single taxpayer in 2017, rather than itemize.

That means the interest you paid on your mortgage likely won't figure into your taxes for 2017.

Thanks. I’m going to do more research on that myself as well. Sorry for my ignorance. I bought my house at 28 with no other debt, all my tax returns before this one have been incredibly simple. my goal for 2018 is to learn more about money management. It’s just never been something I’ve had to pay attention too haha.

Maybe i did. I’m not sure honestly. I dropped off my taxes last year to a CPA friend and she called me and told me what my refund was.

I mentioned earlier in the thread I admittedly know nothing about finance and I’m going to learn more. Until 2017, my tax return consisted of bringing my W2 to H&R Block. Last year I had just bought the house so I let a friend do it whom I trust. I wouldn’t even know where to start to “work out the numbers” myself. I plan on sitting with her this year to really grasp what’s what. I was just asking the original question hoping it was an easy answer.