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Homeownership >  Mortgage Credit Certificate (MCC) > MCC Stand Alone

 

 

 

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MCC > More Information

 

bulletWhat is a Mortgage Credit Certificate?

 

A Mortgage Credit Certificate allows the homebuyer to claim a tax credit for a portion of the mortgage interest paid per year. It is a dollar for dollar reduction against their federal tax liability.


Note: The Mortgage Interest Credit (MCC) is a non-refundable federal tax credit; therefore, the homebuyer MUST have tax liability in order to take advantage of the tax credit.


 

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