Home/Home Owners

Fed Cuts Interest Rates By Half A Percentage Point: How This Will Affect You

By |2020-03-09T19:18:37-04:00March 9th, 2020|First Time Home Buyers, Home Owners, News Articles|

Take Advantage Of Record Low Mortgage Rates Mortgage rates are officially the lowest in American history. 11 trillion in mortgages are eligible for refinancing that would lower the homeowners interest expense and monthly payments. If you have a mortgage rate that is 4% or higher, it’s a good idea to [...]

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These summer actions might benefit taxpayers who itemize

By |2019-08-01T10:50:45-04:00August 1st, 2019|First Time Home Buyers, Home Owners, Individual Income Tax, Tax Payments|

Summer is a season when people have fun, yet get things done. From buying a new house to cleaning their old one, taxpayers who itemize their deductions may be doing things this summer that will affect the tax returns they file next year. The higher standard deduction means fewer taxpayers [...]

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Tax Relief for Victims of Tropical Storm Debby in Florida

By |2012-07-13T17:11:23-04:00July 13th, 2012|Home Owners, Individual Income Tax, News Articles|

Source: IRS.gov FL-2012-07, Jul. 5, 2012 PLANTATION — Victims of tropical storm Debby that began on June 23, 2012 in parts of Florida may qualify for tax relief from the Internal Revenue Service. The President has declared Baker, Bradford, Clay, Columbia, Duval, Franklin, Hernando, Highlands, Nassau, Pasco, Pinellas Suwannee, Union [...]

Seven Facts about the Nonbusiness Energy Property Credit

By |2010-08-13T14:24:40-04:00August 13th, 2010|Energy Efficeincy, Home Owners|

Source: IRS.gov Issue Number:    IRS Summertime Tax Tip 2010-16 Inside This Issue Thinking about making some energy saving improvements to your home this summer? Taking some energy saving steps now may lead to bigger tax savings next year. The Nonbusiness Energy Property Credit, a tax credit for making energy efficient improvements [...]

Limitations on Home Mortgage Interest Deductions

By |2010-07-05T14:15:32-04:00July 5th, 2010|Home Owners, Individual Income Tax|

source: IRS.gov NOTE: This headliner is current through the publication date. Since changes may have occurred, no guarantees are made concerning the technical accuracy after the publication date. Headliner Volume 299 June 22, 2010 The IRS reminds taxpayers that interest deductions on home mortgages are limited, including limitations for home [...]

Closing Deadline Extended to Sept. 30 for Eligible Homebuyer Credit Purchases

By |2010-07-05T13:50:05-04:00July 5th, 2010|First Time Home Buyers, Home Owners|

According to the IRS IR-2010-080: WASHINGTON — Eligible taxpayers who contracted to buy a home, qualifying for the first-time homebuyer credit, before the end of April now have until Sept. 30, 2010 to close the deal, according to the Internal Revenue Service. The Homebuyer Assistance and Improvement Act of 2010, [...]