ï± Home-owners still qualify for the Standard. Mortgage Interest Deduction. ï§ Instead of receiving the mortgage interest. deduction on 100% of the interest paid each. year, they receive it on 85% of the interest. ï§ Tax deductionâ is only a percentage. savings, while Tax Credit is a dollar for dollar. ï± Value of MCC will be considered by the.
Universal Time. Universal Time (UT) is a time standard based on Earth's rotation. It is a modern continuation of Greenwich Mean Time (GMT), i.e., the mean solar time on the Prime Meridian at Greenwich, London, UK.
Sometimes a Z is appended to a time to indicate UT, as in 0935Z. When a precision of one second or better is needed, however, it is necessary to be more specific about the exact meaning of UT. For that purpose different designations of Universal Time have been adopted. In astronomical and navigational usage, UT often refers to a specific time called UT1, which is a measure of the rotation angle of the Earth as observed astronomically. It is affected by small variations in the rotation of the Earth. UT1 is a modern form of mean solar time on the Greenwich meridian.