How much can a homeowner expect to get back on taxes?

Answer Typically, homeowners with the home mortgage interest deduction receive tax refunds. There are a number of factors influencing the amount of the refund expected, each depending on varied circumstan... Read More »

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Can You Claim Homeowner Dues on Your Taxes?

The Internal Revenue Service allows taxpayers to deduct certain homeownership costs on their tax returns. Generally, homeowners can deduct personal property taxes, real estate taxes and their mortg... Read More »

What to Expect to Pay Taxes With a Short Sale?

Every short sale is different with rules varying by lender. The tax consequences for a short sale are fairly consistent in spite of lender differences and often boil down to whether the home is the... Read More »

IRS says my taxes are pending & can expect them on or by Jan 31,2012, I filled Jan long now?

If the IRS says you can expect your refund by January 31, then ... you can expect it by January 31.The IRS is not going to e-mail or contact you. Why should they?

What percentage of my annual salary should I expect to withhold for federal taxes?

If your annual income is more than $6,050, the estimated minimum percentage withheld is 10 percent, as of 2010. The maximum is around $100,000 plus 35 percent. The amount withheld depends on your i... Read More »