I will owe $0.00 federal taxes this year. I have a MCC certificate this year. Will i then get a $2000 tax refund for the MCC credit or will my MCC credit be zero?

[Critter]

A qualified homebuyer using an MCC is able to claim up to 20% of annual mortgage interest paid as a federal income tax credit. ... Twenty percent of this amount, or $2,400, can be used to directly reduce your federal income tax liability. The credit is not refundable so zero tax liability = zero credit.

[SweetieJean]

You can generate additional taxable income to use this credit by, say, converting a Traditional IRA to a Roth.

[SweetieJean]

Actually, I think it says this:
"If you are subject to the $2,000 limit because your certificate credit rate is more than 20%, you cannot carry forward any amount more than $2,000."
<a rel="nofollow" target="_blank" href="https://www.irs.gov/publications/p530">https://www.irs.gov/publications/p530</a>