It was a thing too good to stop--the mortgage credit certificates for home buyers. And, after a lapse of a year or two, Ohio has them back. As I wrote in a previous post, MCCs are a good way to get a bigger tax break after purchasing a home, since they allow you to write off a portion of your mortgage interest payments as a credit, rather than a simple deduction.
In the new Ohio program, you can apply for an MCC at the time of the home purchase (not after), if you meet income requirements, and are either 1) a first time buyer (no home ownership in the last 3 years), or 2) an honorably charged veteran or 3) are buying a home in a target area. Check the Ohio Home Finance Administration for more details.
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