I have a Mortgage Credit Certificate on my mortgage and I've been concerned about how it might change if tax reform is passed, but I haven't seen anything reported on it. I pulled up the 440 page House bill itself though and through the magic of Ctrl+F was able to find it quickly. Here's what it says:
"Termination - No credit shall be allowed under this section with respect to any mortgage credit certificate issued after December 31, 2017."
I'm not a lawyer, but I interpret this to mean anyone who has one on their mortgage by the end of the year can continue to claim the credit but no new valid certificates will be issues starting in 2018.
Has anyone seen any reporting on this? Anyone better equipped to comment on how this should be interpreted or if I'm missing anything?
Submitted November 17, 2017 at 11:07AM by nomorewaiting86 http://ift.tt/2zQlRBy
