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Kentucky Home Buyer Tax Credit - KHC Home Buyer Tax Credit
Kentucky Home Buyer Tax Credit - KHC Home Buyer Tax Credit 
Kentucky Home Buyer Tax Credit
What is KHC Home Buyer Tax Credit? For some time, new Kentucky home buyers have not been aware that there still is a program available to give them a tax credit. The KHC Home Buyer Tax Credit is just the thing they need to see great savings on their yearly IRS tax returns.
KHC Home Buyer Tax Credit is available through Mortgage Credit Certificates (MCC), which reduce the amount of federal income tax you pay, giving you more available income to qualify for a mortgage loan.  MCCs are NOT mortgages.  They are tax credits that put extra cash in your pocket each month, so you can more easily afford a house payment.  That means fewer tax dollars will be withheld from your regular paycheck, increasing your take-home pay. 
The federal government allows every homeowner an income tax deduction for all the interest paid each year on a mortgage loan. 
But an MCC gives you a tax credit of 25 percent (not to exceed $2,000). 
You can still deduct the remaining 75 percent interest on your income taxes. 
A tax credit is not the same as a tax deduction.  ... more

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