https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-is-the-credit-rate-when-entering-the-mortgage-credit-certificate/01/1108058#M121629 Fri, 07 Feb 2020 21:04:06 GMT roxanna-nicole-f 2020-02-07T21:04:06Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-is-the-credit-rate-when-entering-the-mortgage-credit-certificate/01/1108058#M121629 Fri, 07 Feb 2020 21:04:06 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-is-the-credit-rate-when-entering-the-mortgage-credit-certificate/01/1108058#M121629 roxanna-nicole-f 2020-02-07T21:04:06Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-what-is-the-credit-rate-when-entering-the-mortgage-credit-certificate/01/1108550#M121667 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><SPAN style="color:#333333">This should be on the&nbsp;<STRONG>mortgage credit certificate (MCC)</STRONG>&nbsp;from your state or local government you received at the time of purchase<STRONG>.</STRONG>&nbsp;These certificates are issued as part of state and local government programs to help people buy a home.&nbsp;</SPAN></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><SPAN style="color:#333333">The&nbsp;<STRONG>credit rate</STRONG>&nbsp;is the percentage used to calculate the mortgage interest credit, and is between&nbsp;<STRONG>10% and 50% of the qualified mortgage interest</STRONG>&nbsp;you pay. The mortgage credit certificate (MCC) shows the credit rate that applies to you. The government agency who issues your MCC determines this credit rate.</SPAN></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><SPAN style="color:#333333">Further information on this credit can be found in the TurboTax program under <STRONG>Deductions &amp; Credits</STRONG>&gt;<STRONG>Mortgage Interest Credit Certificate</STRONG>.</SPAN></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif"><SPAN style="color:#333333">The original post can be found </SPAN><A href="https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-is-credit-rate-in-the-mortgage-interest-infor-section/00/693515" target="_blank">here</A><SPAN style="color:#333333">.&nbsp;</SPAN></SPAN></SPAN></P> Fri, 07 Feb 2020 21:56:32 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-what-is-the-credit-rate-when-entering-the-mortgage-credit-certificate/01/1108550#M121667 GiseleD 2020-02-07T21:56:32Z