florida mortgage credit: Do You Qualify for the Florida Housing Mortgage Credit?
- 02/26/15 12:02 AM
The Florida Housing Mortgage Credit Certificate (MCC) allows homebuyers to claim a tax credit up to 50% of the mortgage interest paid per year, up to $2,000. Unlike the current federal tax interest deduction, the MCC is a dollar-for-dollar reduction against homebuyer’s federal tax liability. Plus, you are still eligible for the home mortgage interest deduction on your federal tax return! Who Is Eligible? The program is open to individuals, families and eligible veterans who: Are first time homebuyers (have not owned a home as a primary residence within the past 3-years); Meet income and home purchase price limits; Meet the qualifying (0 comments)