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 […]
Your 2019 Home Tax Deduction Checklist: Did You Get Them All?
Welcome to your home tax deduction checklist! For homeowners, this kind of guidance is essential in the wake of all the (confusing) changes ushered in by the new tax plan, the Tax Cuts and Jobs Act. The biggest change? The standard deduction jumped to $12,200 for individuals, $18,350 for heads of household, and $24,400 for married couples filing jointly. […]
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 […]