Federal Register #2026-09396

IRS Seeks Public Comment on Mortgage Interest Reporting Information Collection

The Internal Revenue Service (IRS), a bureau of the Department of the Treasury, is seeking public comment on its information collection requirements for reporting points paid on residential mortgages and mortgage interest statements. - Government Buyer: - Internal Revenue Service (IRS), Department of the Treasury - Purpose: - Request for public comment on the necessity, accuracy, and burden of information collection related to Form 1098 (Mortgage Interest Statement) - Form 1098 is used by businesses and for-profit organizations to report mortgage interest and points received, as required by Internal Revenue Code section 6050H - Volume and Impact: - Estimated 75,912,060 responses annually - Total annual burden estimated at 18,946,931 hours - Notable Details: - No products, services, OEMs, or vendors are being procured - This is an information collection notice under the Paperwork Reduction Act, not a solicitation for goods or services - Unique Requirements: - Public comments are invited on the necessity, accuracy, and burden of the information collection process

Description

The Internal Revenue Service (IRS) is requesting comments on the information collection requirements related to reporting points paid on residential mortgages and mortgage interest statements. This notice invites the public to comment on the necessity, accuracy, and burden of the information collection as required under the Paperwork Reduction Act of 1995. The information collection involves Form 1098, Mortgage Interest Statement, used to report mortgage interest including points received during the year. Comments are due by July 13, 2026, and the IRS estimates the burden hours and number of responses associated with this collection.

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