I hold a Mortgage Credit Certificate for my property. in previous yrs i found where to enter the info in TT but i can't find it for 2020. anyone know where i can find it?

also known as a Tax Smart Certificate

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1 Best answer

Expert Alumni

Mar 3, 2021 1:22:45 PM

The Mortgage Credit Certificate (MCC) program is a homebuyer assistance program designed to help lower‐income families afford home ownership. The program allows home buyers to claim a dollar‐for‐dollar tax credit for a portion of mortgage interest paid per year, up to $2,000.

Please follow the steps below to enter your "MCC tax credit" Mortgage Credit Certificate:

Select the “Federal Taxes” tab
Select the “Deductions & Credits” tab, then
Scroll down to "Your Home” and click on "Show More"
Scroll down to Mortgage Interest Credit Certificate and click on Start
Answer “Yes” to “Do You Have a Mortgage Credit Certificate” and select “Continue”
Continue with through the step-by-step to enter your Mortgage Credit Certificate

Expert Alumni

Mar 3, 2021 1:22:45 PM

Please follow the steps below to enter your "MCC tax credit" Mortgage Credit Certificate:

Select the “Federal Taxes” tab
Select the “Deductions & Credits” tab, then
Scroll down to "Your Home” and click on "Show More"
Scroll down to Mortgage Interest Credit Certificate and click on Start
Answer “Yes” to “Do You Have a Mortgage Credit Certificate” and select “Continue”
Continue with through the step-by-step to enter your Mortgage Credit Certificate

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I hold a Mortgage Credit Certificate for my property. in previous yrs i found where to enter the info in TT but i can't find it for 2020. anyone know where i can find it?