South Tampa Realtor
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 […]
What are the predictions for the Tampa Real Estate market in 2014? In 2013, the Tampa Housing Market saw a rebound. If you’ve been following the headlines, some of the most popular trends reported here in the Greater Tampa Bay Area were focused on historically low inventory and real estate bidding wars. We’ve seen it […]
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 sold your main home during the previous tax year. What is […]
5 Reasons it still makes sense to buy a home: By Jeff Diercks, CPA, Tampa Fl President Obama has proposed a cap on the deduction for mortgage interest for high income taxpayers and a rollback of the recently extended Bush tax cuts. According to CNNMoney, “under his proposal, taxpayers in the 33% and 35% tax […]
Relocating? Deducting Moving Expenses on your taxes may make your relocation a little less stressful. Here are the IRS rules to see if you qualify: If you are moving due to a change in your job or business location, or because you started a new job or business, you may be able to deduct your moving expenses. […]
If you purchased a home and are paying PMI (Private Mortgage Insurance) you may be able to deduct the mortgage insurance payments on your taxes! Question 1: I bought my main home in 2008 using a mortgage and I pay monthly premiums for mortgage insurance. Can I deduct these payments? Answer: In general, if you […]
