Buying a home in 2014? Tax Changes and Deductions That Could Dissapear

disputing property taxes

Are you paying for private mortgage insurance (PMI)?  In 2014, private mortgage deductions could disappear   For tax year 2013, you can treat qualified PMI premiums as home mortgage interest, but the deduction only applies if your adjusted gross income is no greater than $109,000, and it is available only for mortgages entered into between 2007 […]

Home Owner Move-Up/Repeat Home Buyer Tax Credit FAQ

The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April […]

Exisiting Home Owners qualify for a home owner tax credit

Home Owner Move-Up/Repeat Home Buyer Tax Credit FAQ The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 […]

Realtors Tell Congress to Extend Tax Credit-Tampa, Fl

There is no official news that the tax credit will be extended past the Dec 1st deadline.  Realtors are campaigning to ask Congress to extend the credit for one year. As a Realtor,  I can assure you that the $8,000 first-time homebuyer tax credit has definitely been a success.  Homebuyer interest and housing sales increased […]

Credit Crisis & Real Estate Markets Report

Credit Crisis & Real Estate Markets Report Federal Reserve Board Slashes Fed Funds Rate On December 16, 2008, the Federal Reserve slashed the target range for the federal funds rate to 0%-0.25%–a clear signal that Chairman Bernanke and other members of the Board will take all necessary steps to achieve economic recovery. The press release […]

Recent Posts