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 »
Jul 22nd 2010 3:51PM
Sellers once again might want to consider "owner financing" as a method to get that house sold -- and reap some tax breaks, too. Owner financing (also known as "seller financing," "taking back the note," or "an installment sale") is estimated to be used in 10 percent to 15 percent of today's home sales. The term describes... Continue Reading »
Jun 15th 2010 4:30PM
If you live in the state of Florida, you pay taxes on your home according to a dual-class tax system. There's one type of tax system for those who live in Florida as their primary residence and another for those who live there part-time or own vacation property. And it's a good thing, too: Considering the rocky Florida... Continue Reading »
Apr 16th 2010 12:07PM
Phew. Tax Day madness is behind us, and now that you've appeased the IRS let's direct your attention to how you're going to spend your whale of a refund. Sure, you can be a responsible adult and pay off your credit card debt or your next month's rent in advance, but that is so stereotypical! (And heartbreaking too.) You... Continue Reading »
