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Message
first time homebuyers tax credit
Posted on 2/10/14 at 1:47 pm
Posted on 2/10/14 at 1:47 pm
Is there no credit for first time homebuyers anymore? What is this MCC? I haven't seen anything that has helped me on my taxes by buying a new (first) home.
3
Posted on 2/10/14 at 1:48 pm to Hu_Flung_Pu
quote:
What is this MCC?
Mortgage Credit Certificate
if you have the opportunity to get this, do it
you get 25% of the interest paid back on your mortgage each year
This post was edited on 2/10/14 at 1:49 pm
Posted on 2/10/14 at 1:49 pm to Hu_Flung_Pu
I think you missed the boat by about 5 years. Then again, I have no clue either.
You should be able to deduct interest paid and that should help.
quote:
I haven't seen anything that has helped me on my taxes by buying a new (first) home
You should be able to deduct interest paid and that should help.
Posted on 2/11/14 at 7:26 am to Hu_Flung_Pu
quote:
Is there no credit for first time homebuyers anymore?
Ummm I think that ended in 2009 and they allowed it for active military into 2010....
You get to deduct mortgage interest and property taxes.
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