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MCC Tax Credit Denver CO | MCC Tax Credit Colorado | Denver CO MCC
Is your plan to buy a home in Denver?
Then don't miss your chance to claim the MCC Tax Credit Denver CO (Federal program)!
The tax credit can save you a lot of money each year on your mortgage. The tax credit will substantially reduce your effective interest rate, by allowing you to take a portion of your mortgage interest as a tax credit, or a direct reduction of your tax liability.
Depending on your loan amount, you can deduct between 20-50% of your mortgage interest. The MCC Tax Credit Denver CO is a credit, not a deduction, meaning that if your tax credit is for example $1000 this year, and your tax liability is $1500, you would only owe $500, as the $1000 credit is subtracted from how much you owe on your taxes.
You can qualify for the tax credit as long as you fall under the (generous) income limits for the program, and are a first time home buyer or a military Veteran. Again, ALL VA buyers and first time home buyers qualify for the tax credit!
Here is an example of the savings you could see with the tax credit. This is for ... more

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