Finance
Wisconsin's WHEDA homebuyer tax credit (MCC — Mortgage Credit Certificate) allows eligible buyers to:
ADeduct 100% of mortgage interest from taxes
BClaim a federal tax credit for a percentage of annual mortgage interest paid✓ Correct
CReceive a grant for closing costs
DDefer property taxes for 5 years
Explanation
A Mortgage Credit Certificate (MCC) issued by WHEDA allows eligible first-time homebuyers to claim a federal income tax credit for a portion of the annual mortgage interest paid.
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