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Deductions & credits
The MCC program is a homebuyer assistance program designed to help lower‐income families afford homeownership. The program allows homebuyers to claim a dollar‐for‐dollar tax credit for a portion of mortgage interest paid per year, up to $2,000.
If you had participated in this program (through a state or local government agency) when you purchased your home, you would have been advised of that, and have documentation concerning that. The Certificate has a credit rate % listed on it, which is what TurboTax is asking for.
If this doesn't apply, skip that entry. Here's more info on the Mortgage Credit Certificate, Form 8936.
If you have a Form 8936 in your return and don't have an MCC, here's How to Delete Forms in TurboTax Online.
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April 13, 2025
10:13 AM