As you calculate your tax returns, be careful not to commit any of these nine home-related tax mistakes, which tax pros say are especially common and can cost you money or draw the IRS to your doorstep. #1 Deducting the Wrong Year for Property Taxes You take a tax deduction for property taxes in the […]
9 Easy Mistakes Homeowners Make on Their Taxes Read More »
Do you know what important documents to keep and why? You risk wasting money and time if you don’t back up your income tax records. Millions of Americans will remember to do their taxes juuust in time to sprint to the April 15 finish, fists stuffed with W2s and receipts. But if you’re a homeowner,
4 Dangers You Face If You Don’t Back Up Your Income Tax Documents Read More »
No one wants to think about government paperwork, especially when your hand still aches from signing the 977 forms required to buy your first house? But listen up: As a new homeowner, you can typically wave bye-bye to the 1040-EZ form and say hi to itemizing your deductions on Schedule A. That means you can combine
Tax Season: What New Homeowners Can Expect Read More »
Tired of working so hard just to build your landlord’s equity instead of your own? Been dreaming about paint swatches and obsessing over Pinterest projects? Making that leap from renting to owning a home comes with many perks — both financial and emotional. And even though home ownership comes with great responsibility, you might be
Should You Look for Your First House Or Keep Renting? Read More »
There are a lot of homeownership tax benefits — if you don’t forget to take them. To make sure you get your due, HouseLogic asked tax expert Abe Schneier, a former senior technical manager with the American Institute of CPAs, for tax-filing tips. HouseLogic: What’s the most common home-related tax deduction or credit claimed by
Your Top Homeownership Tax Questions Answered Read More »
If you’re considering purchasing a home, you’ve likely already considered how much you have available for a down payment, what an ideal mortgage payment would be, and how much home you can actually afford based on your monthly income. But what about your lifestyle? Have you considered how much wiggle room you need to leave
How Much Home Can Your Lifestyle Afford? Read More »
Two new surveys about what homebuyers want have me feeling pretty smug about my own home choices. Maybe you’ll feel the same. Privacy from neighbors remains at the top of the most-wanted list (important to 86% of buyers), according to the NATIONAL ASSOCIATION OF REALTORS’® “2013 Community Preference Survey.” Privacy is no doubt the best
If You Were Selling Today, Would You Have the Home That Buyers Want? Read More »
While there’s a prevailing belief that buying without a real estate agent will save you money, the truth is you’re almost always better off working with a pro. Buying or selling a house is not something most of us do every day. You may do it once a decade, or even once in a
Outdated Real Estate Myths That Still Plague Buyers and Sellers Read More »
Reverse mortgages, also known as home equity conversion mortgages (HECMs), can be used to help seniors finance the purchase of a home in addition to their traditional purpose of enabling people to borrow against the equity in a property where they already live. Learn about when and for whom this tool may be appropriate in
[Announcement] Live Webcast Feb. 22: Using a Reverse Mortgage to Buy a Home Read More »
