If you’re planning on purchasing a home and claiming the first-time homebuyer tax credit, you’d better get a move on: the deadline to do so is April 30.
You must close on the home on or before April 30. Verbally agreeing to purchase the home doesn’t count. Being in escrow doesn’t count. You must be in [...]
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When completing your taxes for 2009, don’t forget about the property tax deduction for non-itemizers which was extended to the 2009 tax year. This deduction allows those not eligible for the standard deduction to deduct their property taxes paid.
In years past, property taxes were only able to be deducted from itemized returns. However, in 2008, [...]
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