can georgia dream program be use in conjuction with Mortgage credit certificate.

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Icon Mini Profile euphoria




Joined: 03 Mar 2009

Posts: 1

1.28 Dollars($)
PostPosted: Tue Mar 03, 2009 8:24 am    Post subject: can georgia dream program be use in conjuction with Mortgage

can georgia dream program be use in conjuction with Mortgage credit certificate...My understanding is that the mortgage credit certificate can't be used with some some state or county bonds. Also will it make sense to use mortgage credit certificate if you owe no state or federal income tax.
Icon Mini Profile Niicss
Niicss



Joined: 03 Oct 2005

Posts: 2620
Location: New Jersey
409.63 Dollars($)
PostPosted: Wed Mar 04, 2009 1:21 am    Post subject:

Hi euphoria

As far as I know, you may get the benefit of Mortgage Credit Certificate (MCC) in Georgia. You will get this tax credit depending upon the mortgage interest paid per year. So I don't think you will face any problem if you do not owe taxes to IRS.

Thanks.

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