Bucky wrote:Soren wrote:I feel like I should know more about this than I do (which is nothing).
I assume you've been in your house long enough that your 2016 interest put you on the 'itemize' side of things? And you probably use tax software?
If both those are true (even if the second is not): just for fun, open up the tax software (or pull out your paper returns and re-do some calculations) and zero out your mortgage interest paid in 2016 and see what it does to your balance due/refund. Just don't do it on a full stomach.
This is the first full calendar year in our house, but yea we did itemize last year. We're "losing" a huge chunk of what contributed to our refund(me taking out student loans and being in school). It's something our tax guy will go over with us for sure.