Historically, homeowners seeking to take advantage of the mortgage interest deduction could file their taxes immediately to get that refund.
Not this year.
Citing tax law changes enacted in December (and a corresponding need to update their computer system), the IRS will not begin accepting returns from taxpayers claiming the mortgage interest deduction or other Schedule A itemized deductions until Feb. 14.
For those of you who send HUD-1 settlement statements to your buyers, you may want to share this information with them.
Sources: NASDAQ.com, REALTORMarney.com and TheMortgageReports.com
