My Wife and I just purchased a home, and the interest paid is well over 12,000 dollars. I've heard people talk (seemingly now, crap) about this huge refund........where is ours? We've paid a ton of interest last year that is all deductable. i.e; school loans, second mort., disaster stuff, prop. taxes. We are in the 25% bracket and file mar-jointly. I just don't feel like the return has been worth it. We are only getting back roughly 800 dollars more than last year when we didn't own. It really sucks!