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This video covers IRS form 8396, a mortgage interest credit form attached to form 1040. Taxpayers with an MCC approved loan can claim a federal tax credit for a percentage of mortgage interest paid during the year. The MCC program, established in 1984 and amended in 1986, is a government subsidy that enables first-time home buyers to receive this tax credit. A sample form 8396 is provided, along with background on the MCC program and a fact pattern for completing the form.