Archive of posts filed under the Taxes category.

3 Key Tax Deductions Renewed for Homeowners

According to realtor.com, if you did any of these three things in 2014, you still have reason to celebrate (OK, maybe not really celebrate, but celebrate as much as anyone can while doing taxes). Short sale In the third quarter of 2014, millions of homes in the United States were seriously underwater, according to the real estate research […]

If You Are Paying PMI Insurance, Is It Time to Refinance?

Over the past few years, homeowners have enjoyed deducting private mortgage insurance (pmi insurance) premiums from their income tax. This is also true for government forms of mortgage insurance (aka funding fee or guarantee fee) with FHA, VA and USDA mortgage loans. Effective for 2014 tax returns, this benefit is coming to an end. If […]

New Tax Twists for 2014

This article from the Christian Science Monitor has information about some interesting new rules and deductions for 2014. Remember, your tax advisor should always be consulted. New Rules Higher income means higher taxes Higher income means Medicare tax Education deductions extended Medical expenses tougher to write off Same­sex couples can file joint returns Energy efficient […]