Dec 1st 2011 8:00AM
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 »
Nov 16th 2011 9:00AM
In today's episode of "Money and Happiness," DailyFinance's Laura Rowley turns to taxes. A reader asks: If I sell property at a loss, can I deduct it on my taxes? Watch the video for the answer. Got a question for Laura? Check out more Money and Happiness videos on DailyFinance. Continue Reading »
Aug 2nd 2011 12:02PM
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 »
Sep 13th 2010 4:28PM
Adding insult to injury, around 950,000 homebuyers who claimed the first-time homebuyer tax credit for 2009 will need to return the money. The Inspector General for Tax Administration announced last week that roughly half of the 1.8 million Americans who took the credit on their 2009 tax returns did so in error and... Continue Reading »
May 7th 2010 8:00AM
Don't blame the Federal Reserve for the country's housing troubles. At least that's what a controversial new study claims. Economic researchers from Harvard's Kennedy School and the Wharton School of the University of Pennsylvania believe they've proved that reduced interest rates and lax regulations were not the primary... Continue Reading »
