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.

Use Form 8396 to figure the mortgage interest credit for 2024 and any credit carryforward to 2025.

2025年3月21日 · Form 8396 allows individuals who receive a Mortgage Credit Certificate (MCC) from a state or local government agency to claim the mortgage interest credit.

2025年2月13日 · IRS Form 8396 is a tool for homeowners to reduce their tax burden through the Mortgage Interest Credit. This credit can significantly lower federal income taxes, making homeownership more affordable by easing some of the financial strain of mortgage payments.

2023年7月3日 · 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.

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 …

2024年3月8日 · 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. How Do I Claim My MCC on My Taxes? You claim your MCC on your taxes by filing 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.

To complete Form 8396 for the Mortgage Interest Credit in TaxSlayer Pro, from the Main Menu of the tax return (Form 1040) select: You will be prompted for the home's address and for information about the MCC. Enter the amount of mortgage interest paid.

Go to www.irs.gov/Form8396 for the latest information. Attach to Form 1040, 1040-SR, or 1040-NR. Enter the address of your main home to which the qualified mortgage certificate relates if it is different from the address shown on your tax return.