Posts with tag homeowner tax breaks

By Aaron Crowe Being a homeowner for the first time comes with all kinds of responsibilities that normally don't come with renting. There's yard work, home repairs, picking paint colors, insurance and of course, figuring out your tax liability. American homeownership has long been subsidized by tax savings, and if your... Continue Reading »

By Stephen Fishman There are several tax credits and deductions set to expire at the end of the year, and given the federal deficit problem, there's a good chance they won't be extended. If you want to take advantage of them, you need to act before Jan. 1, 2012. Mortgage Insurance Premium Deduction If you itemize... Continue Reading »

With Congress expecting to slash more than $2 trillion in long-term spending as part of the debt-ceiling compromise, nothing is safe from the chopping block -- not least of all, that housing industry darling, the mortgage interest tax deduction. Often hailed as a boon to the middle-class by its defenders, the MID has been... Continue Reading »