How to claim the mortgage credit certificate. The MCC tax credit can be taken at the time borrowers file their tax returns. To claim it, you’ll want to use IRS Form 8396 to document the MCC’s ...

The Broadcast VOICES Act has emerged in both houses of Congress, bringing a fresh effort among legislators to boost broadcast ...

Congress is trying to increase the maximum credit amount through its budget reconciliation process, but the chambers differ ...

Tax credits for homeowners don't require you to itemize. They directly reduce the amount of taxes you owe, ... New homeowners with Mortgage Credit Certificates can save big.

The mortgage credit certificate reduces an eligible borrower’s federal income taxes, effectively enhancing their net income. MCCs can aid mortgage borrowers who might not otherwise qualify for a ...