As the tax and home-buying season kicks into gear, now is a good time to take stock of the tax benefits that come from home ownership. The granddaddy of home-related income tax write-offs – number one on our list – is the mortgage interest deduction (MID). Created in 1913,... Read more
If you have been meaning to make green home improvements to your home, you might think that you missed the boat, since some credits were set to expire at the end of 2010. However, at the end of 2010 a massive tax package was passed, and it included continued... Read more
Tax season offers the opportunity for homeowners to benefit from a number of ongoing and temporary tax breaks. Among them is the mortgage interest tax deduction, which has become an ingrained part of our society and viewed by many as making home ownership affordable to the middle class. This... Read more
If you’re like millions of Americans who get a tax refund each year you anxiously wait for the check in the mail (or direct deposit) and then, depending on how much refund you get, spend it on some consumer product like a new flat screen television or maybe even... Read more
The S&P Case-Shiller Index showed a 2.5 percent decline in home value over the fourth quarter of 2009 versus the same period in 2008. While the index remains negative, the numbers are seen as an improvement over the intense declines experienced over the first three quarters of 2009, each in the double digits.