Posts Covering Tax Law For Mortgages

Year-End Tax Tip: Boost Your 2015 Mortgage Interest Tax Deduction

For homeowners claiming mortgage interest deductions on their tax returns, the IRS offers a simple way to minimize 2015 federal income tax liability.

Tax Deductions & Tax Credits Available To U.S. Homeowners (2015 Edition)

U.S. homeowners can get tax credits and tax deductions from the Internal Revenue Service (IRS). Maximize your claims, and get today's mortgage rates. Updated for 2015.

Your Guide To 2015 U.S. Homeowner Tax Deductions & Tax Credits

U.S. homeowners are eligible for tax credits and tax deductions from the IRS. Maximize your tax return claims. Complimentary mortgage rate quotes available. Updated for 2015.

Get Tax Deductions For Owning A Home And Paying Your Mortgage

U.S. homeowners get access to a multitude of tax breaks and deductions. Read about them here, and get access to complimentary mortgage rate quotes.

Mortgage Insurance Tax-Deductible For 2012 And 2013

New laws have made mortgage insurance is tax-deductible for 2013. The change is retro-active for 2012 tax returns, too.

Mortgage Insurance Tax-Deductible For 2012 And 2013

New laws have made mortgage insurance is tax-deductible for 2013. The change is retro-active for 2012 tax returns, too.

2011 Federal Income Tax Deadline Extended Two Days To April 17, 2012

It's Tax Season. This year, you get 2 extra days to file -- taxes aren't due until April 17, 2012. Estimate what you'll owe the IRS with this helpful calculator.

5 Days Left : $8,000 “Free” Via The Federal Homebuyer Tax Credit Program (Military Edition)

For certain members of the government and military, the clock is ticking on the 2010 federal home buyer tax program. You must be under mutual contract for a home on or before April 30, 2011 to meet program deadlines, and claim up to $8,000 in credits.

Use Your Mortgage To Take A Last-Minute Tax Deduction Boost For 2010

Want to increase the size of your 2010 tax deductions? Consider making your upcoming January 2011 mortgage payment while the calendar still reads 2010.

The Home Buyer Tax Credit Has NOT Been Extended — A Civics Lesson As Taught By Schoolhouse Rock

Despite what you're hearing, the federal home buyer tax credit has not been extended beyond its June 30, 2010 deadline to September 2010. At least not yet.

Did You Miss Some Of Your Eligible Tax Deductions? Here’s How To Get Them Back.

Whether you've filed your tax returns already or are among the millions that wait until April 15, watch this short video. It shows you a few tax deductions you may have missed, and how to claim them back from the IRS.

Forget November 30, 2009 — Make November 16, 2009 Your Personal First-Time Home Buyer Tax Credit Deadline

The $8,000 First-Time Home Buyer Tax Credit expires November 30, 2009. In order to claim the tax credit, the IRS requires that you've closed on or before that date. December 1, 2009 is too late. But that doesn't mean that first-time home buyers should target November 30, 2009 as a closing date. In fact, there may not be a worse day in 2009 on which to try to close on a home. The optimal time is during the week of November 16, 2009 and the earlier in the week, the better.

The $8,000 First-Time Home Buyer Tax Credit Expires December 1, 2009

If you're planning to claim use the credit and haven't started looking for a home, your clock is officially ticking. You must be closed on your new home on or before December 1.

Because purchase closings come 60-days standard, therefore, your $8,000 is in jeopardy unless you go under contract prior to October 2, 2009. That's 73 days from now.

Use it or lose it, as they say.

They’re Advertising The $8,000 First-Time Homebuyer Tax Credit But You May Not Be Eligible To Claim It.

Some real estate agents and mortgage lenders position and market the $8,000 First-Time Homebuyer Tax credit as a universal program but it's important to know that not every first-time home buyer is eligible. The IRS definition of "first-time homebuyer" may be different from what you expect.

The 2009 First-Time Homebuyer Tax Credit — Everything You Absolutely MUST Know About IRS Form 5405

As part of the American Recovery and Reinvestment Act of 2009, Congress authorized a first-time homebuyer tax credit of up to $8,000. The $8,000 credit replaces the $7,500 tax rebate program that was included in last year's stimulus.

With The New Housing Law, The $250,000/$500,000 Capital Gains Exclusion Is Gone For Some

The Housing and Economic Recovery Act of 2008 passed into law this week with a lot of positives for the American people. Some of the law's highlights include: Up to $7,500 in purchase "credits" for first-time homebuyers Conforming loan limit increases to $625,000 in high-cost areas Expansion of the FHA...

2015 Conforming, FHA, & VA Loan Limits

Mortgage loan limits for every U.S. county, as published by Fannie Mae & Freddie Mac, the Federal Housing Administration (FHA), and the Department of Veterans Affairs (VA)