Ok, so I'm preparing my documents for the upcoming tax season and I noticed that on last year's return, although the preparer entered the amount that I paid in mortgage interest, I didn't get a credit for it. Does anyone know why? I remember last year, she explained something about having "too many credits". Is it possible to do an amendment and get the credit this go round?
2007-12-13
04:15:07
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7 answers
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asked by
Anonymous
in
Business & Finance
➔ Taxes
➔ United States
It does show on the Itemized Deductions. But on lines 64-72 on the 1040, it only gives me a refund for the federal income tax withheld, EIC, Additional child tax credit and a few dollars for a telephone tax I paid. Those items total the amount of my refund, which was the amount that I received last year. I just don't see a credit for the TONS of interest that I paid to my mortgage company last year...
2007-12-13
04:33:56 ·
update #1