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.

Let’s say you owe $10,000 in mortgage interest for 2021 and your state HFA issues you a 20% mortgage credit certificate. You will get a credit for 20% of $10,000, or $2,000, on your 2021 tax return.

If you are attempting to buy a home on a low or intermediate income, you need every bit of help that you can get. Mortgage credit certificates are one of the lesser-known ways that the federal ...

The mortgage credit certificate opens the door to a federal income tax credit that can be worth $2,000 every year of home ownership. It's an unusual tax credit because you can only claim it if you ...

In celebration of Homeownership Month, the District of Columbia Housing Finance Agency (DCHFA) is bringing back the Mortgage Credit Certificate (MCC). Originally launched in 2016, the MCC program ...

Mortgage credit certificates aim to make owning a home a more affordable reality. How a mortgage credit certificate (MCC) lowers the cost of borrowing Skip to main content ...

If you’re a first-time homebuyer or haven’t owned a home recently, you might qualify for a mortgage credit certificate, also called a mortgage interest credit certificate or MCC.