If you have a mortgage, you’ll probably receive an IRS Form 1098 in the mail. Your mortgage lender is required to use this form if you paid more than $600 in mortgage interest last year.

The IRS requires homeowners to fill out Form 1098 to show how much mortgage interest (and points) was paid in a given year. Lenders typically send this form to borrowers at the beginning of the ...

How To Claim the Mortgage Interest Deduction The process of actually claiming the mortgage interest deduction is fairly straightforward: First, you’ll need your Form 1098 from your lender. This ...

For anyone who purchased a home after Dec. 15, 2017, you are allowed to deduct mortgage interest on home loans up to $750,000. So let's say you purchased a home last year and took a $600,000 mortgage.

Deducting your mortgage interest could save you a hefty sum on your taxes, but not all homeowners will qualify. Getty Images Tax season is officially here, and millions of Americans are now ...