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Information about Form 8396, Mortgage Interest Credit, including recent updates, related forms, and instructions on how to file. Form 8396 is used to figure your mortgage interest credit for the current year and any credit carryforward for the following year.
Form 8396 is an Internal Revenue Service (IRS) form used by homeowners to claim the mortgage interest credit. The aim of the mortgage interest credit is to help lower-income taxpayers...
In this article, we’ll walk you through: How to claim the mortgage interest credit on IRS Form 8396. Who qualifies for the mortgage interest credit. Commonly asked questions. Let’s start with a step by step walkthrough of IRS Form 8396.
Mortgage Interest Credit. (For Holders of Qualified Mortgage Credit Certificates Issued by State or Local Governmental Units or Agencies) Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form8396 for the latest information.
Mortgage Interest Credit. (For Holders of Qualified Mortgage Credit Certificates Issued by State or Local Governmental Units or Agencies) Attach to Form 1040, 1040-SR, or 1040-NR. Go to www.irs.gov/Form8396 for the latest information.
To claim your mortgage interest tax credit, you need to obtain a mortgage credit certificate (MCC) from a state or local government agency. Fill out Form 8396, attach it to your federal tax return, and offset your mortgage interest deduction if you itemize.
To figure your credit, use Form 8396: Mortgage Interest Credit. You must subtract the amount of this credit from your mortgage interest deduction if you do both of these: File with H&R Block to get your max refund. File online. File with a tax pro. Claim this credit. Itemize your deductions.
Form 8396 allows homeowners to apply for mortgage interest credit, but only those who receive a mortgage certificate from a local or state government agency can do so. The loan is designed for low or moderate incomes, which helps them pay for their housing.
Download or print the 2023 Federal Form 8396 (Mortgage Interest Credit) for FREE from the Federal Internal Revenue Service.
If you have already started or are in your return, Select the “Federal Taxes ” tab. Select the “ Deductions & Credits ” tab, then select “I’ll choose what I work on ”. Scroll down to the “ Your Home ” section, then select Start or Update - Mortgage Interest Credit Certificate.