Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
If you’re considering buying a home while dealing with unpaid taxes, you might be wondering how your tax debt affects your mortgage approval. The good news is, it is possible to buy a home even if you owe taxes. Here’s what you need to know about how owing taxes can impact your homebuying process. How… Continue reading How to Buy a Home if You Owe Taxes
When you are preparing to buy a home, tax season should be on your radar as it plays a significant role in your mortgage application process. Whether you’re a first-time homebuyer or a seasoned investor, how you file your taxes can have a direct impact on the mortgage you qualify for. Understanding this connection can… Continue reading Why Tax Prep is Crucial for Mortgage Applicants
Purchasing a new home is an exciting milestone, but it also comes with various responsibilities, including understanding property taxes. Property taxes are a crucial aspect of homeownership, as they contribute to local government funding and services. In this guide, we’ll break down everything you need to know about property taxes as a new homebuyer. What… Continue reading A New Homebuyer’s Guide to Understanding Property Taxes
Property Tax Deduction: Homeowners can deduct the amount they pay in property taxes on their primary residence and any other real estate they own. The property tax deduction is an itemized deduction and can help reduce your taxable income.
Even though owning a home comes with some significant expenses, some of them are tax-deductible. With many people looking for ways to lower their income tax, there are a few expenses tied to the house that every homeowner should consider. This could make a significant difference in their final tax bills, and it could lead to a large tax refund.
There are millions of homeowners that are parents waiting for their advance child tax credits to arrive; however, they might not be sure exactly how much money they are going to get. This makes it difficult to set a budget.
Owning real estate can make a big difference on your tax return, so make sure that you’re taking advantage of all the deductions you’re entitled to.
The Fiscal Cliff negotiations earlier this year created new tax breaks for homeowners, and extended others.
The typical U.S. taxpayer will receive roughly $3,000 in federal income tax refunds this year, an average of $250 per month. What would you do with an extra $250 per month?
For the 3rd time in 7 years, your federal income taxes will not be due April 15. They’ll be due Tuesday, April 17 instead.