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Helpful Tax Reminder… Don’t Miss Out On These Deductions

Published on January 15, 2012 By Michael

Many homeowners I work with overlook some of the tax benefits and implications of their recent purchase, sale or refinance of a home. I thought I’d share with you a handy bit of information I found on H&R Block which outlines some of essential tax information for homeowners. As you probably know, you are entitled to [...]

News Flash: House OKs Extension of Tax Credit Closing Deadline!

Published on June 29, 2010 By Michael

In a 409-5 vote, House lawmakers have passed a standalone bill that would extend for three months Wednesday’s deadline for closing on a home purchase in order to claim the federal homebuyer tax credit. The Senate could vote on the bill, HR 5623, as soon as tomorrow, although the death of Sen. Robert Byrd, D-W.Va., [...]

$8,000 Tax Credit Is NOT Expiring for Everyone…

Published on March 24, 2010 By Michael

If you just emerged from your cave, you may not know the home buyer tax credit is set to expire on April 30th. In order to take advantage of the $8,000 First Time Buyer credit or the $6,500 credit, you must have an accepted offer by that date and the transaction must close on or before [...]

Facts on the Energy-Efficiency Tax Credit

Published on March 11, 2010 By Michael

Take advantage of improved tax credits available for many energy-efficient home improvements. Find a professional remodeler at www.nahb.org/remodel for assurance of a project well done. The Existing Home Retrofit Tax Credit (Tax Code Section 25C): Tax credits are available at 30% of the cost, up to a $1,500 lifetime limit, for installation in 2009 & [...]

Only 7 Weeks Left To Grab up to $8000 in Tax Credits

Published on March 9, 2010 By Michael

Only 7 weeks left folks to grab up to $8000 in tax credits from good ole Uncle Sam. In November, Congress extended and expanded the First-Time Home Buyer Tax Credit program to include a subset of “move-up” buyers — homeowners that have owned and lived in their home for 5 of the last 8 years. [...]

Mortgage Approvals Are Getting More And More Scarce

Published on February 9, 2010 By Michael

The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening.