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Local Address Archive: Taxes

The Weekend Poll: Yea or nay on housing tax breaks?

Owner-occupied housing carries significant tax breaks. There's the mortgage interest deduction plus the ability to shelter up to half a million dollars in home-sale profit from capital gains tax. Is it too much? Just right? Not enough?

By Elizabeth Razzi  |  July 16, 2010; 10:00 AM ET  |  Permalink  |  Comments (0)
Categories:  Poll , Taxes , The economy , Weekend Poll  | Tags: capital gains tax, housing tax breaks, mortgage interest deduction  
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Closing deadline will be extended to Sept. 30

Both houses of Congress have now passed an extension to Sept. 30 of the closing deadline to qualify for the homebuyer tax credit.

By Elizabeth Razzi  |  July 1, 2010; 9:41 AM ET  |  Permalink  |  Comments (0)
Categories:  Buying , Taxes , The economy , The market  
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The Weekend Poll: About those property taxes ...

Local government revenues are down thanks to the recession and lower real estate values. Some have passed -- or are considering -- an increase in their property tax rate to make up the shortfall. How does that sit with you?

By Elizabeth Razzi  |  May 21, 2010; 12:42 PM ET  |  Permalink  |  Comments (1)
Categories:  Poll , Taxes , Weekend Poll  | Tags: Weekend Poll, budget cuts, increased property tax rates, local budget, property tax rates, property taxes  
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Low interest rates didn't cause the bubble, economists say

Since they don't know what did cause the bubble, but they are convinced that low interest rates and loose lending don't bear much of the blame, they conclude that there's little reason to worry about rising mortgage interest rates. And they feel more secure suggesting that government policy makers back away from popular programs aimed at reducing the cost of homeownership.

By Elizabeth Razzi  |  May 7, 2010; 6:00 AM ET  |  Permalink  |  Comments (3)
Categories:  Mortgages , Statistics , Taxes , The economy  
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New tax forms released for claiming the home buyer credit

The IRS just released the new tax form needed by anyone who wants to claim a homebuyer tax credit on their 2009 return. Also, the IRS is telling taxpayers who claim the credit that they will have to send extra paperwork to the IRS to prove that they qualify, and that they must skip electronic filing this year, instead filing the old-fashioned paper return. And they may have to wait a few extra weeks for the IRS to send them any tax refund they may be due.

By Elizabeth Razzi  |  January 15, 2010; 3:34 PM ET  |  Permalink  |  Comments (0)
Categories:  Buying , Poll , Taxes , Weekend Poll  
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New tax filing rules for people who claim home-buyer credit

If you're planning to claim a home-buyer tax credit on your 2009 tax return, you'd better sharpen your pencil. The IRS says you must file a paper return, and cannot file electronically.

By Elizabeth Razzi  |  November 25, 2009; 1:15 PM ET  |  Permalink  |  Comments (0)
Categories:  Buying , Taxes  
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Older Entries in This Category »

Washington home sales and The Weekend Poll, Elizabeth Razzi , November 6, 2009
What's the Mortgage-Interest Deduction for That Yacht?, Elizabeth Razzi , October 13, 2009
We're Messing Up the Mortgage Interest Deduction, Elizabeth Razzi , September 1, 2009
Chat Plus: Talk About That $8,000 Tax Credit, Elizabeth Razzi , May 18, 2009
Free Tax Help Saturday, Elizabeth Razzi , March 17, 2009
Homeowners, Renters and Taxes, Elizabeth Razzi , February 27, 2009
Is Your Mortgage Deduction Under Fire?, Elizabeth Razzi , February 27, 2009
Get Your $8,000 Now!, Elizabeth Razzi , February 26, 2009
 
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