2023 Form 8396 - Mortgage Interest Credit

Form 8396, Mortgage Interest Credit, is a tax form used by homeowners to claim a tax credit for mortgage interest paid on their main home. This credit is designed to provide financial relief to eligible individuals with lower income who might otherwise struggle with the cost of homeownership. Form 8396 allows taxpayers to calculate the amount of the mortgage interest credit they qualify for and helps reduce their overall tax liability. It is important for eligible homeowners to complete and submit this form along with their tax return to take advantage of the potential tax benefits associated with mortgage interest.