housing assistance tax act: Housing Assistance Act of 2008.
- 08/25/08 03:28 PM
Gathered below are just some important tax credits that should be taken into account when filing your 2008 tax returns. The end of the year is fast approaching. I. CURBING THE RISING COSTS OF OWNING A HOME The bill would provide home owners Additional standard deduction for real property taxes. who claim the standard deduction with an additional standard deduction for State and local real property taxes. The maximum amount that may be claimed under this provision is $500 ($1,000 for joint filers). This proposal applies for tax year 2008. This proposal is estimated to cost $1.537 billion over 10 years. (1 comments)