What Is Form 1098: Mortgage Interest Statement? Form 1098 is a tax document that homeowners will receive if they pay $600 or more in mortgage interest over the course of a year. Your mortgage ...

Form 8396 is an IRS form that lets lower-income homeowners claim the mortgage interest credit, as long as they receive a mortgage credit certificate (MCC) from a state or local government agency.

If you itemize deductions on a Schedule A, you'll use Form 1098 to determine your mortgage interest deduction. Note that if you didn't receive a Form 1098 because you paid less than $600 in ...