FREE REPORT

Dated: 03/03/2016

Views: 262

Image title

Top 5 Ways To Save Big Money At Tax Time.

 HERE IS A LIST OF SOME ITEMS THAT YOU CAN USE TO ITEMIZE YOUR DEDUCTION ON YOUR TAXES


*You may deduct doctors, dental, and optical bills that you have paid out of pocket. You can also keep tract of your medical miles back and forth from you home to you doctor's. All medical expenses are subjected to 7.5% of your adjusted gross income.

You can keep tract of your medical expenses. Some times they may not help you on your federal return but they might help on your state return.

*Real estate taxes paid.

*Premium mortgage insurance paid.

*If you made contributions to any charities, this can be deducted. If you donated any clothing to Goodwill, or amvets you can that the fair market value of the items as a deduction.

* Business expenses. If you have to pay for items for work such as union dues, work boots, uniforms. These items may be deducted. Business expenses are subjected to 2% of your adjusted gross income.

Click on this link if you need more information.  1.usa.gov/24DQAM1


Mortgage Interest Credit

The mortgage interest credit is intended to help lower-income individuals own a home. If you qualify, you can take the credit each year for part of the home mortgage interest you pay.

Who qualifies.  You may be eligible for the credit if you were issued a qualified Mortgage Credit Certificate (MCC)from your state or local government. Generally, an MCC is issued only in connection with a new mortgage for the purchase of your main home.

If you are planning on buying a house in the near future, contact me for more information on how you can qualify for this credit.

Blog author image

Terry Eibeck

Terry is the Principal Broker at Regional Realty. He is a motivated Realtor specializing with investors and new home buyers located in the following areas; Alexandria, Ft. Thomas, Ft. Mitchell, Indepe....

Want to Advertise on this Site?

Latest Blog Posts

Welcome Home To 310 Links View Drive Butler KY

A convenient drive south along US 27 into Pendleton County yields high rewards, both in terms of cost per square foot AND quality of living!!  Country Club Hills subdivision, situated

Read More

Welcome Home To 3646 Walnut Park Drive Alexandria KY

Located in Alexandria KY, within the prestigious subdivision of Walnut Park, this home is perfect for entertaining and is conveniently located close to schools, shopping, restaurants, major,

Read More

First Remodel Click Link For Great Tips

What It’s Really Like to Live Through a

Read More

REAL ESTATE SUCCESS IN 2019 BUYING OR SELLING

ASKING FOR YOUR REAL ESTATE BUSINESS IN NORTHERN KYMany different services available, let me explain for you.  Full Service listing service 7%  3% to selling Agent---4% to listing

Read More