Since it’s the beginning of tax season and people are scrambling over potential deductions, we thought it would be a good time to highlight some of the more interesting tax deductions. Who knows? Maybe you’ll qualify for one of these!
Purchasing a home is a life-changing event. Suddenly you’re responsible for a number of things you may not have been responsible for in the past. However, you’re also eligible for a number of tax deductions, too. Take a look at our list to make sure you’re taking advantage of all that you can!
Are you confused as to how the Affordable Care Act could impact your taxes? We attempt to clear things up in this post.
Looking for tax deductions? By donating to charity, you can give the government less and spend more on causes you want to support.
Sick of paper? Get your 1098 Mortgage Interest Statement on MyQL.com.
Tax season is over! How was your tax-filing experience this year? I’m pretty much over the whole tax thing, but maybe it’s worth another look. Double checking your taxes is a wise choice, especially if you catch a mistake and need to file an amended tax return.
You might find that you are among the close to one million people who should have received a refund for tax year 2010. If you are one of those folks, you have until April 15, 2014 to file. Otherwise, you’ve just left money on the table.
GoBankingRates says it studied auto loan details from more than 6,000 financial institutions and statistics gathered from eBay Motors to project that about 25 percent of Americans would use refunds to grab a fresh ride.
The IRS reports that the average tax refund for this season, so far, is a little more than $3,000. That’s a pretty decent chunk of change. However, even though many taxpayers say that they plan to save their tax refund, this money actually gets spent, according to CNBC.
When refinancing or purchasing a new home, one of the items that a title company researches are the property taxes. Although every homeowner pays property taxes across the county, determining your specific property taxes has many variables. These variables coincide with different aspects of your home’s location and your home’s assessed value. Depending on the taxing authority, your taxes could be determined by the city, county, school district or by all three. When you pay property tax each year, you’re paying for necessities that are provided by the city, such as police and fire department services, garbage pickup and snow removal.