Owning a home can yield some benefits at tax time if you're able to deduct mortgage interest. If you paid interest on a mortgage loan, your lender should provide you with a Form 1098 Mortgage Interest ...

It’s that time of year again: tax season! If you’re a homeowner or planning to become one, it’s helpful to be aware of form 1098 and understand its potential benefits. There are many perks to ...

A mortgage expert has warned homeowners not to throw away their 1098 tax forms before they file. In her recent video, California-based realtor Liz Reese (@loanladyliz) explained that 1098 forms can be ...

Points paid as upfront interest are deductible as mortgage interest. If the points are not for prepaid interest, then they ...

A couple of developments from late last year involving Bank of America and its issuance of supposedly erroneous information returns are worth highlighting. One relates to Bank of America’s 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. What ...