irs: Current Tax Breaks for Homeowners - 01/10/12 12:36 PM
There are many benefits to owning a home, not the least of which are the financial advantages of home ownership. Homeowners can gain a number of tax benefits, and, combined with the Fed's indication to keep interest rates attractively low throughout the new year, home buying in 2012 is promising to be a financially astute plan. Consult with your accountant about which of the following perks you might enjoy. Mortgage Interest Deductions (MID) This deduction allows home owning taxpayers to reduce their taxable income by the amount paid in interest on their residential home loan. Since interest payments alone can easily … (1 comments)

irs: Tax Benefits for Homeowners - 01/06/11 05:08 AM
Owning a home grants a number of benefits, particularly financial perks. If you're like most people, a home purchase will be the greatest financial investment you'll make in a lifetime. Besides enjoying freedom from renting or leasing and the security of building equity in your home, there are also multiple tax benefits. Let's explore the most common tax benefits and how you can receive them.
Mortgage Interest Deduction (MID) While legislation is now being considered by U.S. Congress to reduce or eliminate the mortgage interest deduction for homeowners (MID), this is currently one of the biggest advantages for homeowners. With most … (0 comments)

irs: $8,000 from Obama + 20% from ZipRealty! - 03/19/09 08:51 AM

As a first-time buyer, you could qualify for a tax credit of 10% of theprice of your new home, to a maximum of $8,000. There was a similartax credit passed last year that needed to be repaid, but this onedoes not!
A few key points about this 8,000 tax credit:• It's designed for most first-time homebuyers who have made aqualified home purchase in 2009.• The credit begins to phase out taxpayers according to their adjustedgross annual income.• This tax credit is temporary, so if you're thinking about buying ahome, it's important to act quickly.
Combined with ZipRealty's 20% rebate2 and … (0 comments)

irs: Stimulus Package Signed - 02/13/08 06:47 AM
WASHINGTON -President Bush today signed a multibillion-dollar economic rescue package that means $300 to $1,200 rebates for many American households.
Bush called the measure "a booster shot for our economy" to stave off a recession. Several dozen members of Congress, including House Speaker Nancy Pelosi, stood on the stage behind Bush as he signed the bill.  Rebates are to go out beginning in May to taxpayers and low-income people, including seniors living off of Social Security and veterans who depend on disability checks. Businesses would get tax breaks for investing in new plants and equipment.
Most taxpayers will receive a check … (0 comments)

 
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