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It Is Tax Time Again Learn About Tax Deductions and How to Write off Your Home Mortgage Interest

July 2, 2020 by Michael Addison

Much to the frustration of taxpayers all over the country, the tax-filing season begins in January and runs through April 15 of each year. The year 2020 brought us many changes, including an extension on filing taxes. Taxes this year are due on July 15th. Are you ready? As the current tax season approaches, it presents an opportunity to help tax-payers clarify their responsibilities and remind them of certain important tax deductions that may be available. Filing Responsibilities Every person in the United States is required to file their tax returns by July 15 so long as they have some form of qualifying income. Based on filing status, income and available deductions, tax-payers must file a … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgages, Property Taxes

Tax Time is Upon Us: Learn About Tax Deductions and How to Write off Your Home Mortgage Interest

February 4, 2015 by Michael Addison

Much to the chagrin of taxpayers all over the country, the tax-filing season begins in January and runs through April 15 of each year. As the current tax season approaches, it presents an opportunity to help tax-payers clarify their responsibilities and remind them of certain important tax deductions that may be available. Filing Responsibilities Every person in the United States is required to file their tax returns by April 15 so long as they have some form of qualifying income. Based on filing status, income and available deductions, tax-payers must file a 1040EZ, 1040A or 1040 (long-form for itemized deductions). Qualifying income is generally defined as, but not limited to wages, … [Read more...]

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgages, Property Taxes

First Time Buyers: Understanding How Property Taxes Work and What You Can Expect to Pay

December 11, 2014 by Michael Addison

Are you about to buy a house or condo for the first time? Congratulations! Owning your own piece of real estate is a liberating experience and one that will provide you with the foundation to build your personal wealth and equity. Once you own your own home you'll be responsible for a variety of new costs, including property taxes which are assessed by your local government to pay for municipal services. In this blog post we'll share how property taxes work and what you can expect to pay for them when you buy your new home. It All Begins With a Local Property Tax Assessment As mentioned above, local governments assess property taxes as a means for paying for police officers, fire fighting … [Read more...]

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Property Taxes

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