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Mortgage Interest Credit at a Glance

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The mortgage interest credit helps lower-income individuals afford home ownership. You must contact the appropriate government agency about acquiring a Mortgage Credit Certificate (MCC) before getting a mortgage or buying a home.

If you itemize your deductions, you must reduce your home mortgage interest deduction by the amount of the mortgage interest credit you claim.

More Information

Tax Topic 505 - Interest Expense


Related Form

Form 8396 Mortgage Interest Credit (PDF)


Related Publication

Publication 17, Your Federal Income Tax, Chapter 38 - Other Credits - Under Nonrefundable Credits, see Mortgage Interest Credit for essential guidance

Publication 530, Tax Information for Homeowners - See Mortgage Interest Credit for detailed guidance

Page Last Reviewed or Updated: 23-Nov-2016