Mortgage rates are fast approaching 4%, a rate low enough that economists and lenders believe it will help jump-start the housing market again. The average rate on a 30-year fixed mortgage fell to 4.06% this week, its lowest since January 2018, according to data released Thursday by Freddie Mac, the mortgage-finance giant. The rate was down nearly […]
Claiming Property Taxes on Your Tax Return
Some states, cities and counties assess property taxes on various types of property you own that produce income, such as tools and other equipment. Every local district has its own list of what type of property is taxed and specifies how taxpayers should determine the item’s taxable value. For example, Miami-Dade County in Florida requires taxpayers to […]
What Are the Tax Benefits of Buying a House?
As a result of Donald Trump’s recent tax reform, up to 90 percent of taxpayers who formerly itemized their returns may do better to claim standard deduction. (Getty Images) When it comes to buying a home, reaping the tax benefits is a bonus. But, experts warn, tax benefits for homeowners and homebuyers shouldn’t be the sole reason […]