Does paying taxes and interest on your...
...mortgage make a big difference in your tax return? Lets say i made 20, 000 income (total), and lets say i paid about 5,000 in taxes and interest on my home mortgage --- shouldn't that bring my return up?I have a very simple situation here. I only need my w2 and my mortgage form. No other itemizations -- no dependents -- i am single and thats what i put on my w4.when I walked thru the online software, I did the income part first. The top right corner shows the amount if my return at that moment. When I put in my mortgage information, the amount doesn't go up at all.I just need some opinions on this very general situation, Please don't tell me to go see a pro because I am only getting 600 dlls back -- and I'd like to do it free. This seems like a very simple scenario. Thanks in advance!
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