Whats up!, Hey how many years of unfiled interest on home loan can you file at a time. I have interest from 2006 that I have never filed before seems as if I can use them all in this years return I will actually have enough to go over standard deduction. Any tax ppl out there?

 

I wouldn't think you could "stack" up interest from other years and use it all at once. You could make an ammendment to your previous years filings, but I doubt you can use past years interest on the current tax cycle. Just a guess though.

 

Unless there has been some law change I am unaware of, you can deduct only the amount actually paid in 2008. Goes on Itemized Deduction page, Schedule B and will only help you if you have enough to justify itemizing.

 

You can't file for all this year, but you can file amended returns for previous years. Not sure what limitations there are for that, time , etc.

 

There is a new law that you can deduct part of the property tax if you paid them, even if you do not otherwise itemize. This applies only to 2008.

 

Okay, so when you guys dont meet your standard deduction do you still apply your mortgage interest? I am decent with the online filing I just dont know much about the Mortgage info. Also I bought a Vizio tv suppose to be a Energy Saving thing I can use that on my credits rite .

 

Good grief! You're dangerous!

 

Hey but really how come they have all those Energy Star Appliances that say tax credit blah blah if you cant apply them to your return?

 

Buy yourself TurboTax. It will walk you through all those questions.