Feb 26th 2013 10:00AM
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 »
Feb 20th 2013 2:30PM
By Mary Boone Wildfires in the West, flooding and landslides in Alaska and hard-hitting Superstorm Sandy were just a few of the major natural disasters that hit the United States last year. In all, 112 federal disaster declarations were issued in 2012. For those living in an area where a federal disaster has been... Continue Reading »
Jan 31st 2013 5:50PM
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 the wrong... Continue Reading »
Jul 11th 2012 12:50PM
By Christopher Maag Christine, a Credit.com reader, thought that after losing her home to foreclosure, there would be no new financial shocks for a while. Then she received a letter from the IRS. "I filed my taxes in 2010 and thought everything was fine," Christine wrote in a comment to a Credit.com story, "then... Continue Reading »
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 »
