How to claim the mortgage credit certificate. The MCC tax credit can be taken at the time borrowers file their tax returns. To claim it, you’ll want to use IRS Form 8396 to document the MCC’s ...

Mortgage credit certificates allow eligible homebuyers to receive a tax credit for a portion of their mortgage interest. You can get a maximum credit of $2,000. Skip to content. News ...

We have finally come to the end of the first-time homebuyer tax bonanza. First-time homebuyers who signed a purchase contract by April 30 may receive an $8,000 refundable tax credit. Buyers don ...

A mortgage credit certificate allows qualifying homeowners to claim a refund for a portion of the interest paid on their mortgage each year. The mortgage credit certificate can be a homeowner’s ...

The mortgage credit certificate reduces an eligible borrower’s federal income taxes, effectively enhancing their net income. MCCs can aid mortgage borrowers who might not otherwise qualify for a ...