October 28, 2008
- Lower Your Property Taxes
Lower Your Property Taxes
As many as 60 percent of us pay TOO MUCH on our property taxes. So how do you get your taxes lowered? Money Editor Stacy Johnson has some suggestions in this short (1:38) video….
September 21, 2008
- Taxes: One Myth Dispelled
Taxes: One Myth Dispelled
There used to be a policy stating that anyone aged 55 and over could exclude up to $125,000 of his/her gains from the sale of a house. This was availed of under the premise that this is done only once.
The newer rules now are actually more specific. In one amendment, the [...]
August 18, 2008
- Housing Bill Offers Breaks for Taxpayers
Housing Bill Offers Breaks for Taxpayers
The federal housing and foreclosure relief legislation just signed into law by President Bush contains a little-noticed—but potentially far-reaching—change in real-estate tax policy.
It permits millions of homeowners who don't itemize on their federal tax filings to claim a deduction for at least part of their local and state property taxes. [...]
May 21, 2008
- Taxes: Your Odds for an Audit
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April 10, 2008
- Tax Changes in 2008
Tax Changes in 2008
April 4, 2008
- Taxes: Adjusting Your Withholding
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April 2, 2008
- Taxes: Changing Mistakes
Taxes: Changing Mistakes
March 30, 2008
- Taxes: Paying With Plastic
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March 23, 2008
- New Tax Breaks Will Aid Some Homeowners
New Tax Breaks Will Aid Some Homeowners
Before filing your federal income-tax return, check to see if you're eligible for a few new breaks.
Among them is a deduction for private mortgage insurance premiums. Claim it on Schedule A, line 13. The insurance must be "in connection with home-acquisition debt," the IRS says. Premiums paid on a [...]
March 14, 2008
- Taxes: Do You Have to File?
Taxes: Do You Have to File?
Don't you hate filing taxes? Well, millions of people don't even have to file a return. But if you think that sounds lucky, you might want to think again.
Our Money Talks editor Stacy Johnson explains in this video (runs 1:25)
If you have a comment or question..leave it for us by clicking [...]
February 25, 2008
- Time to Think About Tax Help
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February 21, 2008
- Rebates: What You Need to Know
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January 9, 2008
- AMT Relief - May Be Too Late for Christmas Bills
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November 10, 2007
- Tax Notification Scam
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October 22, 2007
- Phantom Income Bll Update:
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September 12, 2007
- Understanding Property Taxes
Understanding Property Taxes
Property tax increases are a popular method used by municipal and county governments to raise revenue, but they can also have a big impact on the local real estate market.
In most cases property taxes are levied as a percentage of a home's value, or an acceptable representation of the home's value. Governments generally [...]
September 2, 2007
- Why Some Sellers May Get a Break From the IRS
Why Some Sellers May Get a Break From the IRS
Most people who sell their home after having owned it for at least two years don't have to pay federal taxes on their gain. A sale in less than two years after the purchase, however, often triggers some sort of tax hit. But even owners who [...]
June 29, 2007
- Paying Too Much in Property Taxes?
Paying Too Much in Property Taxes?
More than half of homeowners pay too much because their property has been wrongly assessed.
Property-tax increases are based largely on rising home values, not the increase of taxes by local governments. Different formulas are used to figure property taxes, but it all depends on a home's assessed value. Some jurisdictions [...]
June 11, 2007
- Vacation Homes Can Raise Your Tax Load
Vacation Homes Can Raise Your Tax Load
People who spend a lot of time relaxing in one state while calling another home can trigger state income tax in both. A common way to go wrong is to hold on to a condo and social connections after moving away to a tax haven such as Florida or [...]
June 6, 2007
- Consider Income Taxes When Relocating
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