First Time Homebuyer Mortgage Credit Certificate Program
Mortgage Credit Certificate (MCC) Program How Does it Work? If you apply for an MMC loan / mortgage you are eligible for 20% of your annual mortgage interest as a direct federal tax credit, resulting in a dollar for dollar reduction of your annual federal income tax liability. The remaining 80% of your annual mortgage.. read more →
First-Time Homebuyer Credit: Military and Certain Other Federal Employees
Hawaii First Time Homebuyer Credit for Military Extended to 2011 There are new benefits for members of the military and certain other federal employees: Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an.. read more →
First-Time Homebuyer Credit Extended
First-Time Homebuyer Credit Extended and Includes Existing Homeowners For the first time, long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived in the same principal residence for any five-consecutive year period during the eight-year period.. read more →
