Form 1098-MA (Rev April 2025)-2025

Get Form
Form 1098-MA (Rev April 2025) Preview on Page 1

Here's how it works

01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Form 1098-MA (Rev April 2025) with our platform

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2
  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the Filer’s name, street address, city, state, ZIP code, and telephone number in the designated fields. This information is crucial for accurate reporting.
  3. Input the Filer’s TIN and Homeowner’s TIN in their respective boxes. Ensure that these numbers are correct to avoid issues with the IRS.
  4. In Box 1, enter the total amount of State HFA and homeowner mortgage payments made during the calendar year. This figure is essential for tax purposes.
  5. Fill in Box 2 with the amount of State HFA mortgage assistance payments received. This helps clarify what assistance was provided.
  6. Complete Box 3 by entering the total homeowner mortgage payments made to the State HFA. Double-check these amounts for accuracy.
  7. If applicable, include any optional information such as street address (including apartment number), city, state, ZIP code, and account number.

Start using our platform today to easily fill out your Form 1098-MA for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
Usually, your lender will send you Form 1098, showing how much you paid in mortgage points and mortgage interest during the year. Transfer this amount to line 8a of Form 1040 Schedule A. If any of your points were not included on Form 1098, enter the additional amount you paid on line 8c of Form 1040 Schedule A.
You report this mortgage interest from Form 1098 on Schedule E, not Schedule A.
Using the 1098, calculate how much of your mortgage interest qualifies for the deduction. Then, report the deduction on your tax return on Form 1040 (Schedule A) Line 8a the deductible amount reported in Box 1, deductible mortgage interest, and Box 6, points.
To claim the mortgage interest deduction, list it on Schedule A (Form 1040). You must itemize your deductions to do this. You need different forms for income from your home, like rental or business use.
This form is used to provide information to the IRS and to homeowners regarding: mortgage payments made by the homeowners, and. mortgage assistance payments made by you with funds allocated from the Housing Finance Agency Innovation Fund for the Hardest Hit Housing Markets (HFA Hardest Hit Fund).

People also ask

Go to Federal Deductions and Credits Your Home to enter mortgage interest, property taxes, and mortgage insurance that you paid in 2024 You should have a 1098 from your mortgage lender that shows this information.
It is important to note that you do not have to file Form 1098 unless you wish to claim a deduction for the mortgage interest youve paid. This only applies if youre itemizing your deductions.
You are required to report reimbursements of overpaid interest aggregating $600 or more to a payer of record on Form 1098. You are not required to report reimbursements of overpaid interest aggregating less than $600 unless you are otherwise required to file Form 1098.

Related links