Mortgage interest do i have to claim it?

Do I have to claim my mortgage interest if Im not itemizing?


Im taking the standard deduction but i had someone post the other day I might be required to report it on a schedule B instead of a schedule A.Mortgage interest do i have to claim it?
Your mortgage interest and deductions typically exceed the standard deduction; however, if your standard deduction exceeeds your interest then you can only submit for the standard deduction. However I have been an accountant for many years and it is not often (it does happen but rarely) that when someone owns a home that the standard deduction is higher than the allowed deduction so you may want to have an accountant take a look and make sure you are filing all your deductions available to you..Mortgage interest do i have to claim it?
I wish my advice could be helpful.And here is a good resource.Check it up.


http://mortgage.onlineidea.info
you have to pay more than 10,400.00 in interest to be able to get a deduction on it. Thats what H%26amp;R Block told me anyway!
You don't have to but it might be to your advantage. You would claim it on a schedule A with other deductions and if the total of those deductions is more than your standard deduction, you would get a bigger refund. Its a benifit to you to claim it, not a punishment.
Nooooo, schedule B is if someone pays you interest. Schedule A is if you pay someone else. Never the twain shall meet.