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...
Income Tax Tips When Selling Your Home The IRS publishes a helpful pamphlet called “publication 523 Selling Your Home”. It was last published for use with 2011 income tax returns. The publication contains tax information related to the sale of your home if you...
FROM: NAR Government Affairs RE: Tax Credit Closing Date Extension/Flood Insurance Extension DATE: 30 June 2010 After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer...
Timing Couldn’t Be Much Better for First-time Homebuyers– Be Sure You Make the Right Moves By Rae Catanese, PA Prudential Tropical Realty-Tampa, Fl First-time homebuyers dominated the U.S. real estate market in 2009, accounting for roughly half of all...
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...
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...
