Compare and contrast IRS Form 8396 Mortgage Interest Credit on your 2021 and 2020 Federal 1040 tax returns. I suspect the answer to your question will be: that your tax liability changed and is reflected on line 8 Limitation based on tax liability, or there are differences in how the mortgage interest credit carryforward was reported in Part II of the forms.

Question

I Have Mortgage Credit Cerfificate that always give me additional $2,000 in tax return but this year I entered my certificate and it increased only 130.00.

Forum|Forum|4 years ago
April 10, 2022
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JamesG1

Compare and contrast IRS Form 8396 Mortgage Interest Credit on your 2021 and 2020 Federal 1040 tax returns.

I suspect the answer to your question will be:

that your tax liability changed and is reflected on line 8 Limitation based on tax liability, or
there are differences in how the mortgage interest credit carryforward was reported in Part II of the forms.

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