IRS Tax Support

Sales of existing homes fell in December, closing out a horrible year for housing in which sales of single-family homes plunged by the largest amount in 25 years. The median home price dropped for the entire year, the first time that has occurred in four decades.
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The National Association of […]

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Writing a monthly rent check often feels like lighting money on fire. You’ll never again see that cash, you build no equity and there are no tax benefits.
But renting makes sense to those unwilling or unable to buy a home in an uncertain housing market. The number of such Americans seems to be growing; last […]

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Two New 2007 Tax Breaks Help Homeowners Struggling With Mortgage Payments
In a year of bad mortgage news, there’s a bright spot or two for homeowners: Foreclosure comes with a tax break, and 2007 mortgage insurance payments may be tax-deductible.Congress acted on both provisions late last year, extending the mortgage insurance deduction for three more years […]

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What’s the best tax break available to Jane and John Q. Public? If they’re homeowners, it’s selling their house.
Homeowners already know the many tax breaks that Uncle Sam offers, most notably mortgage interest and property tax deductions. Well, he also has good tax news for home sellers: Most of them won’t owe the Internal […]

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There’s nothing quite like purchasing your first home. You’re on your own. You have a substantial financial investment. And you now have some different tax considerations.
You’re probably well-aware that homeownership affords you several new ways to save on the annual Internal Revenue Service bill.
“Homeownership is one of the best tax benefits that the federal government […]

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