Just when you thought an $8,000 tax credit was a great gift from the federal government here comes Mortgage Credit Certificate (MCC) from the North Carolina Housing Finance Agency!
I just got word that there is another federal tax credit for eligible 1st time home buyers here in North Carolina. It's a tax credit of up to 20% of your annual mortgage interest AND it can be combined with the $8,000 federal tax credit that's in effect until December 2009. it can save you up to $2,000 each year that you live in your new home in taxes.
Because this tax credit is immediate it means you could change your withholding allowance on your W$ which in turn decreases your Tax liability and increases your monthly take home pay. Another bonus for 1st time home buyers looking to buy their 1st home.
Have you been thinking about buying your first home? Well doing so in NC just got more appealing. To learn more and find out if you qualify call 1-800-393-0988 or visit www.nchfa.com
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