Tag Archives: taxes

How Long to Keep Tax Records and More: A Checklist

For most tax deductions, you need to keep receipts and documents for at least 3 years. Unless you live in a Hollywood Hills mansion, you probably don’t have space to store years of tax and insurance paperwork, warranties, and repair … Continue reading

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Can I Claim the Mortgage Interest Deduction?

Details can be tricky. Double-check yourself with these tax rules affecting homeowners. Like most homeowners over the past couple of years, you may have discovered that you can no longer write off your property taxes or claim the mortgage interest … Continue reading

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8 Easy Mistakes Homeowners Make on Their Taxes

Don’t rouse the IRS or pay more taxes than necessary — know the score to avoid common tax mistakes. As you prepare your tax returns for 2021, be careful not to commit any of these eight common tax mistakes, especially … Continue reading

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Are Closing Costs Deductible?

The answer to whether closing costs are tax deductible — or mortgage interest and property taxes for that matter — is often maddeningly, “It depends.” Basically, you’ll want to itemize if you have deductions totaling more than the standard deduction, … Continue reading

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Homeowners Say Tax Reform Would Hurt Them

Daily Real Estate News | Wednesday, December 13, 2017 A majority of recently surveyed homeowners say that changing homeownership tax incentives would restrict their mobility and cause them financial strain, according to new data from the National Association of REALTORS®’ … Continue reading

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Senate Bill Cuts Property Tax Deduction

Daily Real Estate News | Friday, November 10, 2017 Yesterday, Senate Finance Committee Republicans released their version of the tax reform bill. Although it goes one step further than the House bill by preserving the $1 million cap on the mortgage … Continue reading

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Millions of Middle-Income Homeowners Stand to Lose Under “Big 6” Tax Proposal

WASHINGTON (September 27, 2017) – A group of legislators and administration leaders known as the “Big 6” today released an outline for comprehensive tax reform that if enacted, according to the National Association of Realtors®, could lead to a tax … Continue reading

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7 Compromises You Should Never Make When Buying a Home

By Wendy Helfenbaum | Sep 21, 2017 Every successful home search begins with a wish list. Armed with your inventory of must-haves, you’ll know how to focus your search and recognize a potential home that isn’t worth your time. Still, there’s a … Continue reading

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How to Choose a Neighborhood

9 key questions to answer when you’re location shopping. Location is everything when you’re searching for a home. Finding your dream neighborhood may seem like the easiest part, but once you factor in budget, non-negotiable home features, and proximity to … Continue reading

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