Archive for the ‘Taxes’ Category

If the tax deduction for mortgage interest goes away, so what?

Friday, February 10th, 2012

The mortgage interest tax deduction is one of the best sales tools that real estate agents have at their disposal. It costs them nothing to mention that in all but the most expensive homes, all of the mortgage interest on a primary residence is a federal tax deduction if you ...

Two keys to spending financial windfalls wisely

Tuesday, April 19th, 2011

Financial windfalls, planned or otherwise, are almost always welcome additions to the family budget.  (No doubt they're preferable to large unexpected expenses!) Whether those financial windfalls are spent or saved wisely, though, is an entirely different matter.  Fortunately, it's not that difficult to put these windfalls to effective use.  Here are ...

Longtime homeowner tax credit documentation

Saturday, April 9th, 2011

Nine short days to the federal tax filing deadline on April 18th, 2011.  This year, Uncle Sam has a $6,500 tax credit in store for those of us who bought a new home during the first part of 2010 after having lived in another home for a while.  The instructions ...

Mortgage interest deduction craziness

Tuesday, March 29th, 2011

Let's face it.  Mortgages are beasts. A mortgage is the largest loan that people are likely to take out in their lifetimes.  They're also very expensive to acquire.  Most of the closing costs that are paid by the borrower are largely for the benefit of the lender.  The appraisal fee protects ...