I have a mortgage credit certificate from the State of Texas and would like to know if I can still use it in 2018? So, mcc, can I use it this year?

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I have a mortgage credit certificate from the State of Texas and would like to know if I can still use it in 2018? So, mcc, can I use it this year?

Yes. The mortgage credit certificate is a dollar-for-dollar federal tax liability reduction. You can claim a credit up to $2,000 per year for as long as you owe on the mortgage loan and live in your first home. The credit is taken on the Form 8396 Mortgage Interest Credit.

To enter the certificate in TurboTax do the following while in your return:

Select Tax Tools located in the menu to the left of the screen
Click Tools
Select Topic Search
Type mortgage interest credit in Search
Scroll and click mortgage interest credit (qualified home)

It will take you to the interview section of the return. Begin navigating through the prompts to enter your information.

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