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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.
Form 8396 is used to figure your mortgage interest credit for the current year and any credit carryforward for the following year. Information about Form 8396, Mortgage Interest Credit, including recent updates, related forms, and instructions on how to file.
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 afford ...
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.
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: Claim this credit; Itemize your deductions; To learn more, see Form 8396 at www.irs.gov.
Form 8396 is the IRS tax form used to determine and report the mortgage interest credit. Learn how this form is used, where to get one, and how to file it.
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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.
Form 8396 Mortgage Interest Credit is separate from Form 1098 Mortgage Interest Statement you receive from your bank or financial institution for mortgage interest paid. Form 8396 is for holders of Qualified Mortgage Credit Certificates (MCC) issued by state or local governmental units or agencies. The certificate credit rate is shown on this ...
Form 8396 is an IRS form used by homeowners to apply for a mortgage. The purpose of the mortgage is to help low-income taxpayers pay for their housing. You can only apply for a credit if you receive a mortgage certificate (MCC) from a local or state government agency.