Mortgage Interest Credit – Form 8396
You can claim the mortgage interest credit if both of these are true:
- You have a qualified mortgage credit certificate (MCC).
- The certificate was issued by your state or local government or agency under a qualified MCC program.
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.
Save on your tax bill by learning more about the energy efficient tax credits available to you with help from the tax experts at H&R Block.
Learn more about the elderly or disabled tax credit and get tax answers at H&R Block.
Do you know how to claim child care expenses for a nondependent child? Learn more from the tax experts at H&R Block.
If you have self-employment income are you able to still claim the Earned Income Credit? Learn more from the EIC tax experts at H&R Block.