By: Sanda Hnatjuk-Bahic Real Estate Views: 3149 | Comments: 0 | Votes: 0
The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their homes within three years. Tax Credit Versus Tax Deduction It’s important to remember that the $8,000 tax credit is just that… a tax credit. Dividing $10,000 by $20,000 yields 0.5. More
By: Sanda Hnatjuk-Bahic Real Estate Views: 4600 | Comments: 0 | Votes: 0
From the Los Angeles Times Southern California home prices fall, affordability returns to normal January's median sales price falls 40% from a year earlier, to $250,000. As the Southland's bubble continues to deflate, the ratio of price to income has returned to historical levels, analysts say. By Peter Y. "It's bubble psychology. More
By: Sanda Hnatjuk-Bahic Real Estate Views: 3530 | Comments: 0 | Votes: 0
Homeowners warned of property tax scams Firms offer re-evaluations – for a fee. By ANDREW GALVIN THE ORANGE COUNTY REGISTER February 14, 2009 Attorney General Jerry Brown is warning California homeowners to beware of scam artists offering to help cut your property tax bill for a fee. More
By: Sanda Hnatjuk-Bahic Real Estate Views: 3609 | Comments: 0 | Votes: 0
President Obama unveiled the Homeowner Affordability and Stability Plan, which will offer assistance to as many as 9 million homeowners, while attempting to prevent the destructive impact of foreclosures on families and communities.The plan contains three main components, and only applies to primary residences. The U.S. Treasury Dept. Guidelines are scheduled to be released by March 4. More
By: Matthew Barrett Payroll Views: 4432 | Comments: 0 | Votes: 0
While Congress and economists debate the effect of the just-approved stimulus package on the economy, small business owners should begin to focus on the practical implications it will have on payroll, tax filings, and employee benefits. The credit will be received by workers in their net paychecks through adjusted tax withholding tables. "Paychex clients can rest assured. More
By: Kerry Freeman EA Tax Planning Views: 4165 | Comments: 0 | Votes: 0
To File or Not To File You must file a tax return if your income is above a certain level. The amount varies depending on filing status, age and the type of income you receive. For example, a married couple both under age 65 generally is not required to file until their joint income reaches $17,900. Federal Income Tax Withheld. 2. Recovery Rebate Credit. 3. 4. 5. 6. More
By: Alan D. Fisher Real Estate Views: 3362 | Comments: 0 | Votes: 0
The benefit of seller financing Many home owners dread being involved in a situation where a property they've listed for sale has been sitting unsold for too long. The basic reason is usually the same - the asking price is too high for the market conditions. In these situations, the seller is forced to lower their price in hopes of making the property more attractive to buyers. More
By: Art Of Saving Personal Finance Views: 3732 | Comments: 0 | Votes: 0
San Diego, Calif. – Feb. 18, 2009 – Art Of Saving, a personal finance social network, has started a petition to establish, recognize, and honor a National Savings Day in the USA. Why we need this day of recognition? With the current economic decline, times are bleak for American consumers. Many families are only three pay checks away from bankruptcy. More
By: Bogie Boric Home Loans Views: 2468 | Comments: 0 | Votes: 0
The two main types of mortgage that lenders have traditionally sold are the fixed rate mortgage and the variable rate mortgage. These two products are similar in many ways, in that every month a set amount needs to be paid back to the lender (unless an emergency ‘holiday’ arrangement has been made), and if this is not done then the borrower has got serious problems. More
By: Bogie Boric Home Loans Views: 2504 | Comments: 0 | Votes: 0
Getting a mortgage can be one of the most difficult decisions a person can make. Because of the vast array of mortgage products that are available it can be confusing and more than a little daunting. Here are a few things to consider when deciding on the right option for you. The first step is to decide which method of repayment best suits you. More
