tax witholdings: Tax Withholdings for New Homeowners - 12/05/08 03:04 AM
There are many tax benefits to homeownership. One of them is to reduce our income taxes paid to Uncle Sam at the end of the year. A common mistake that new homeowners forget to do is to adjust their withholding exemptions adjustments on their paychecks.
Since mortgage interests are now a tax-deductible line item on your Form 1040 Income Taxes, you may be a candidate for Itemized Deductions on Schedule A instead of taking the Standard Deduction. If you had not made adjustments to your withholdings to anticipate for these additional benefits, you would more than likely have a tax refund … (18 comments)

 
Loreena and Michael Yeo, Real Estate Agents (3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.)

Loreena and Michael Yeo

Real Estate Agents

Prosper, TX

More about me…

3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.

Address: 615 Creek View Drive, Prosper, TX, 75078

Office: (214) 783-2210

Mobile: (214) 783-2210


 
 
 

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