Form 1098 – How to Handle It!
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Wondering if a 1098 can boost your tax refund? Learn how deductions work for mortgage interest on personal and rental properties.  #TaxTips #TaxHelp #1098 #Taxes #TaxSeason #FilingTaxes | Logan Allec, CPA | Facebook
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@gavtaxplanning on Instagram: "Got a 1098 in the mail? Don’t ignore it — it could be costing you money. 💸 IRS Form 1098 isn’t just paperwork. It’s a deduction trigger that tells the IRS (and you!) about payments that may lower your tax bill. 🏡 Mortgage Interest (1098) 🎓 Student Loan Interest (1098-E) 📚 Education Credits (1098-T) 🚗 Vehicle or Boat Donations (1098-C) When these forms are overlooked, so are the deductions and credits tied to them. The key? Match every 1098 to the correct place
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Courtney Hart on Instagram: "Day 18 of the Taxmas Countdown🎄 Form 1098 (Mortgage Interest) and Form 1095-A (Health Insurance) are two forms the IRS actively checks. Here’s why missing or incorrect forms slow refunds ⬇️ • Form 1098: Lenders send a copy directly to the IRS. If mortgage interest is claimed incorrectly or when itemizing doesn’t apply, the IRS can remove the deduction and adjust the return. • Form 1095-A: This form is REQUIRED to reconcile the Premium Tax Credit. If it’s missing or
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