Archive for May 8th, 2010

How much money does the tax deductable for a home purchase save me?

Tax Blog

I would like to understand the tax benefits of buying a house a bit better and how to do the math.

If I get a 400.000 loan over 30 years at a 5% interest rate, then my monthly payments will be somewhere between $2100 and $2300 (based on online mortgage calculators).

I understand that the interest on the loan is tax deductible part. Can anyone help me figuring out how much money that would save me per year?

Tax Blog

After winning the tax lien auction and paying the promised amount + misc fees, what other financial obligation does property Tax lien investors have during the 1 year redemption period if there is an outstanding mortgage on the property?

Tax Blog – Money woes cause RI tax refund delays

Money woes cause RI tax refund delays
Rhode Island officials have decided to hold back tax refunds due to the state’s financial difficulties.    

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Gerald Celente Forecasts for 2009 -17-09 pt 2/4


-17-09 pt 2/4 crisis economy lew rockwell forecast market stock trends us tax revolts revolutions predictions bailout

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Tax Blog

I am married but separated (not legally). There is part of me that wants to file married filing separate but when I do that, I lose the child tax credit. The thing is – that my husband is not my son’s father & has no rights to him. Is there a way to get around this so that I can keep my tax credit? Is it smarter to just file jointly since I only moved out 1 month ago? Please advise, thanks.

Tax Blog

In 2008 I work in a Louisiana (I live in Texas) for 5 weeks. I’m pretty sure that means I have to file a Louisiana tax return. I have never done this before. How do I go about filing a tax return for a state I don’t live in?

Pemberton Borough introduces budget; small tax decrease
PEMBERTON BOROUGH — Council received the proposed 2010-11 budget last Monday night, with Mayor William Kochersperger telling them and the small number of residents attending that a small tax decrease of 0.6 cents is anticipated. The total budget comes in at $1,276,500, an increase of a mere $500.

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