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2. The mortgage interest deduction could save you thousands on ...

   www.aol.com/finance/mortgage-interest-deduction...

   The home mortgage interest deduction can help some filers maximize their tax refund. But it’s less useful now than in years past—here’s what you need to know. The mortgage interest deduction ...

3. Home mortgage interest deduction - Wikipedia

   en.wikipedia.org/wiki/Home_mortgage_interest...

   This meant that borrowers could no longer claim tax relief on, for example, the interest on bank loans or overdrafts, but relief on home loans was still available. [ 28 ] In 1983, the Government introduced a scheme for home loans called MIRAS , which, by limiting the available relief to the basic rate of tax, aimed to reduce the benefit of the ...

4. Mortgage interest deduction: What it is and what qualifies - AOL

   www.aol.com/finance/mortgage-interest-deduction...

   While almost all homeowners qualify for the mortgage interest tax deduction, you can only claim it if you itemize your deductions on your federal income tax return by filing a Schedule A with your ...

5. What is the first-time homebuyer tax credit? - AOL

   www.aol.com/finance/first-time-homebuyer-tax...

   The first-time homebuyer tax credit no longer exists; the U.S. government offered this program for first-time homebuyers from 2008-2010. ... Mortgage credit certificates (MCCs): With MCCs, you can ...

6. Mortgage Forgiveness Debt Relief Act of 2007 - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Forgiveness_Debt...

   The Mortgage Forgiveness Debt Relief Act of 2007 was introduced in the United States Congress on September 25, 2007, and signed into law by President George W. Bush on December 20, 2007. This act offers relief to homeowners who would have owed taxes on forgiven mortgage debt after facing foreclosure. The act extends such relief for three years ...

7. Mortgage Credit Certificate - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Credit_Certificate

   The amount of mortgage credit allowed varies depending on the state or local government that issues the certificates, but is capped at a maximum of $2000 per year if your State's rate is over 20%, by the IRS. As an example, if a homebuyer were to receive an MCC that offers a 30% credit on a $200,000 loan for 30 years with a rate of 6%, the ...