Lola Shawnee

Irs Form 1098 For 2025. Lenders, including banks and other financial institutions, must file form 1098 to report mortgage interest payments. Form 1098 is an irs form used by taxpayers to report the amount of interest and related expenses paid on a mortgage during the tax year when the amount totals $600 or more.

This is an important form for borrowers who want to take the full deduction. If you paid more than $600 in mortgage interest last year, keep an eye out for a form 1098 from your mortgage lender in early 2025.