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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.
Purpose of Form Use Form 8396 to figure the mortgage interest credit for 2023 and any credit carryforward to 2024.
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 ...
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.
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 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.
To claim the MCC tax credit on your federal income tax returns, you must complete IRS form 8396 (Mortgage Interest Credit).
Maximize your mortgage interest credit for 2023 and carry it forward to 2024 with the help of Form 8396.
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 the certificate.