I am reporting 2014 tax with TaxAct software. One question is about mortgage interest deduction. We bought the house(marriage joint) on 1998. It is our main and only residence. The rough mortgage balance was 70k on 12/31/2013 and was 54k on 12/31/2014. So in 2014 all the time the balance was between 100k and 50k.
The interest we paid was $2634 in 2014. I input the value in the field, however the total refund/owed number is not changed. But last year I used the same software, I did get some deduction.
Is it correct?