Regardless of your opinion about taxes, we can all agree that nobody should overpay their taxes. Here are six sound ideas that you may want to consider this month that may provide some tax savings to your household. Pay Bills Ahead of Time If you itemize, paying some bills early may minimize your deductions. For example, if you pay your January 2014 mortgage payment and your 2014 property taxes in...
From Housing Wire By Jon Prior • April 18, 2012 • 12:34pm Seven bills reforming some foreclosure rules passed committees in the California state legislature this week. The bills were introduced in February. One set of bills extends protections to tenants, giving them 90 days before eviction after the foreclosure sale of the property. Another increases penalties to banks that fail to maintain blighted homes. Servicers would be required to provide documentation...
IRS Tool Calculates What You Owe on First-Time Home Buyer Tax Credit A new online tool helps home owners who used the 2008 first-time home buyer tax credit calculate how much they now have to pay back. If you bought a home in 2008 and took advantage of the original first-time home buyer tax credit in 2008, you have to pay it back. The credit was a no-interest loan, and...
