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real estate tax deduction

The First-Time Home Buyer is Extended, for some..

ShareTweet The information below is directly taken from the IRS.gov web site. You too can receive information directly from the IRS if you would only ask. The First-Time Homebuyer tax credit provides that for a qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return. ADDITIONAL […]

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Tax Day and You Purchased or Refinanced a Home This Year

ShareTweet Purchasing a home in the Phoenix market in the last year most likely generated a points contribution. In many cases the buyer asked the seller to contribute.  The way that these costs are arranged on the closing statement and how they are allocated often contribute to the deductibility. The IRS Home Mortgage Points bulletin […]

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