Tax Form 1098 tells the IRS how much mortgage interest you paid last year. You may be able to deduct this amount on your Schedule A. Not all mortgage interest is tax deductible. If you have a ...

Text Callout : Key Takeaways - 1098 Tax Form: Mortgage Interest Statement and How to File If you have a mortgage, you'll probably receive an IRS Form 1098 in the mail.

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.