January 18, 2010 – 4:50 pm
Extended and Expanded: The First Time Homeowners Tax Credit
If you were looking to purchase a home last year before the First Time Home Owners Tax Credit ran out in November and did not find the home you wanted to purchase, you are in luck. The tax credit has been extended to the end April 2010. And this time you do not need to close on a home before the deadline, you just need to have a house in contract. You can close anytime prior to July 1st and qualify for the non-repayment credit. First time homebuyers are anyone that … Read the rest
By Steve
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Posted in tax credit, tax filing, tax tips
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Also tagged april 30, Credit, first home buyers, first time homebuyers, first time homeowners, home, long time home owners, phase out, tax credit
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January 4, 2010 – 5:26 pm
Top Ten Tax Tips for Early January 2010
The IRS has released their first tax tip of the season with the Top Ten Tax Time Tips. Their tips range from record gathering and filing options to Publication 17 review and contacting the IRS with your questions.
1. Get your records ready. Start gathering all the records you will need to prepare your tax return when all tax forms have arrived in the mail.
2. Watch the mailbox. Keep your eyes open for tax documents in the mail including mortgage interest and W2s from your employer. Some mortgage companies do not … Read the rest
