Because of new laws many home related tax rules have changed and now require you to prove how funds are used to qualify for a
Tag: interest
Caution! Watch For Incoming Tax Forms- Tax forms are arriving. Time to be prepared!
Tax forms come in more varieties than flavors of ice cream. Nearly any time something of value changes hands, there’s a specific tax form available
2018 Taxes Affected by TCJA 2017 Tax Reform
Tax Reform 101 The Tax Cuts and Jobs Act of 2017 officially starts affecting tax returns Jan 1, 2018, so your taxes next January will
Interest on Home Equity Loans Still Deductible Under New Law
The Internal Revenue Service advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans. Despite newly-enacted restrictions on
What Deduction Should You Take – Itemized or Standard?
Itemize or Choose the Standard Deduction Most taxpayers claim the standard deduction when they file their federal tax return. However, some filers may be able
Reduce Tax Bill by Making Early Mortgage Payment
Making your January 2015 mortgage payment in December 2014 can help increase your mortgage interest deduction which in turn can lower your taxable income. When