It's Tax Day in America. Do you...

[SEWIGuy]

Back when I still had student loans, I'd get a form 1098-E every year detailing the interest.  I can't imagine mortgages are much different on this.

Right. It's the same. Its information provided by the lender (or servicer in the case of student loans). It's not information that the IRS already knows. Now *could* it be if we had an automated way of doing so? Sure. But no one seems motivated by that.

[vdeane]

Back when I still had student loans, I'd get a form 1098-E every year detailing the interest.  I can't imagine mortgages are much different on this.

Right. It's the same. Its information provided by the lender (or servicer in the case of student loans). It's not information that the IRS already knows. Now *could* it be if we had an automated way of doing so? Sure. But no one seems motivated by that.

If it's on the form, wouldn't it be in the stuff the bank reports to the IRS?  Or is your level for "knows" "an employee specifically looked at this and audited it" and not simply "the IRS has the information on file"?

[SEWIGuy]

Back when I still had student loans, I'd get a form 1098-E every year detailing the interest.  I can't imagine mortgages are much different on this.

Right. It's the same. Its information provided by the lender (or servicer in the case of student loans). It's not information that the IRS already knows. Now *could* it be if we had an automated way of doing so? Sure. But no one seems motivated by that.

If it's on the form, wouldn't it be in the stuff the bank reports to the IRS?  Or is your level for "knows" "an employee specifically looked at this and audited it" and not simply "the IRS has the information on file"?

I was under the impression that mortgage holders don't report 1098s to the IRS. Just provided to the mortgage holder. I was wrong about that.

[kkt]

The threshold for deducting medical expenses is so high that they didn't even make a difference when I went through a nine week chemotherapy treatment.

Yep.  A major surgery and about five chemo treatments didn't put me over the threshold either.

[kernals12]

The threshold for deducting medical expenses is so high that they didn't even make a difference when I went through a nine week chemotherapy treatment.

Best to think of that as a very high deductible health insurance plan administered through the tax code.

[Max Rockatansky]

The threshold for deducting medical expenses is so high that they didn't even make a difference when I went through a nine week chemotherapy treatment.

Best to think of that as a very high deductible health insurance plan administered through the tax code.

The only time I was able to get a benefit for medical expenses on my tax return was in 2010 after I was hit by a car (while running).  Having to surgically plate repair a left arm and the accompanying rehabilitation therapy barely pushed me over the threshold where I could get a deduction.