Interest/Points less than standard deduction. Do I lose it? Hi...new member here and a new home owner. My wife and I purchased a home late in the year (August) and I find the points paid and mortgage interest for 2013 totals about $6000. We don't have enough itemized deductions to equal more than the $12,200 standard deduction so I am planning on going with the standard deduction. I hate to lose the credit for the points and mort interest paid in 2013. Is there any way I can apply this next year if I itemize in 2015 for tax year 2014? If no, any other suggestions on how I might utilize these deductions? |