Loan Modification - Free Foreclosure Help - Help Stop Foreclosure » Stop Foreclosure - Promote your business - requires 30 posts in other sections in order to Post » Find a Mortgage Broker » Does paying taxes and interest on your...

Short Sale    Loan Modification    Loss Mitigation Training    Short Sales Training
Reply
  #1 (permalink)  
Old 04-08-2011, 03:03 PM
Junior Member
 
Join Date: Apr 2011
Posts: 1
Default 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!
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -4. The time now is 01:27 PM.
Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd. Free Foreclosure Help