Get Credit for Making Your Home Energy Efficient or Buying Energy-Efficient Products - 03/10/11 10:22 AM
Get Credit for Making Your Home Energy Efficient or Buying Energy-Efficient Products 
Taxpayers who made some energy efficient improvements to their home or purchased energy-efficient products last year may qualify for a tax credit this year. The IRS wants you to know about these six energy-related tax credits created or expanded by the American Recovery and Reinvestment Act of 2009.
Residential Energy Property Credit This tax credit is for homeowners who make qualified energy efficient improvements to their existing homes. This credit is 30 percent of the cost of all qualifying improvements. The maximum credit is $1,500 for improvements placed in … (0 comments)

Project the Income Tax Consequences of a Refinance or Property Tax Appeal - 03/08/11 09:31 AM
Came across this in an email I received and wanted to share.
Project the Income Tax Consequences of a Refinance or Property Tax AppealHomeowners everywhere are working on applying for a lower property tax bill on the basis of the last few years' decline in their home's value. Those who have equity have flocked en masse to refinance their 7% home loans into the 4% to 5% rates of the last few months. These strategies offer some of the heftiest household savings out there for the corresponding investment in time and money they take. But here's a caveat for savvy homeowners … (2 comments)

Did you know the IRS Has $1.1 Billion for People Who Have Not Filed a 2007 Income Tax Return - 03/01/11 10:11 AM
IRS Has $1.1 Billion for People Who Have Not Filed a 2007 Income Tax Return
Refunds totaling more than $1.1 billion may be waiting for nearly 1.1 million people who did not file a federal income tax return for 2007, the Internal Revenue Service announced today. However, to collect the money, a return for 2007 must be filed with the IRS no later than Monday, April 18, 2011.
The IRS estimates that half of these potential 2007 refunds are $640 or more. Some people may not have filed because they had too little income to require filing a tax return even … (5 comments)

 


Links

Archives

RSS 2.0 Feed for this blog

Find MD real estate agents and Dunkirk real estate on ActiveRain.