Pay Your Mortgage Early, Boost Your 2011 Federal Income Tax Deductions
Time is running out to boost to your 2011 federal tax refund. All that's required is to make your January 2012 mortgage payment while it's still December.
Time is running out to boost to your 2011 federal tax refund. All that's required is to make your January 2012 mortgage payment while it's still December.
If you're an eligible federal employee or qualified military personnel, you have 3 weeks from this Saturday to use the federal home buyer tax credit, and to claim up to $8,000 in federal income tax credits.
For certain members of the military, and for certain federal employees, there's just 2 months remaining to get use the federal home buyer tax credit.
Looking for an extra 2010 tax deduction? Consider making your January mortgage payment a few days early.
Taxes are due April 15 and if you're among the millions of Americans who wait until the last week to file, watch this video interview. It could help you reduce your federal tax liability.
If you're among the Americans expecting a tax refund this year, this 4-minute piece from NBC's The Today Show may be helpful. It's a talk about how to receive a refund and what to do with it.
In November, Congress extended and expanded the First-Time Home Buyer Tax Credit program to include a subset of "move-up" buyers -- homeowners that have owned and lived in their home for 5 of the last 8 years. The credit ranges up to $8,000 per buyer. There's now just 7 weeks left to take advantage. To be eligible, home buyers must be under contract for a new home no later than April 30, 2010, and must be closed no later than June 30, 2010.
November 6, 2009, Congress voted to extend and expand the First-Time Home Buyer Tax Credit program. There's 100 days left to claim it.