Tag: property tax

  • Avoid These Home Tax Deduction and Credit Mistakes

    Avoid These Home Tax Deduction and Credit Mistakes

    By G. M. Filisko As you calculate your tax returns, consider each home tax deduction and credit you are - and are not - entitled to. Running afoul of any of these 9 home-related tax mistakes - which tax pros say are especially common - can cost you money or draw the IRS to your doorstep. Sin #1: Deducting... Continue Reading

  • After the Homebuyer Tax Credit: Mortgage Tax Deductions

    After the Homebuyer Tax Credit: Mortgage Tax Deductions

    Are you ready to celebrate the return of the Federal Home Buyer Tax Credit? Unless you're one of the 180,000 Americans with a pending sales agreement in contract by April 30, 2010, a celebration is probably out of order. While Californians and military personnel can still get state and military tax... Continue Reading

  • Chicago Homeowners Could See $200 in Property Tax Relief

    Chicago Homeowners Could See $200 in Property Tax Relief

    Earlier this month, the City Council voted 38-to-12 in favor of Mayor Daley's proposed $6.1 billion budget, which included a property tax relief program for qualified Chicago homeowners. The funds would be funneled from the infamous 75-year, $1.15 billion deal to privatize the city's parking meters. The City of... Continue Reading