Taxes: Capital Gains & Losses
Taxes: Charitable Giving
Taxes: Deductions, General
Taxes: Estates & Inheritances
Taxes: IRS Debt
Taxes: Preparation & Filing
Taxes: Property Taxes
Taxes: Record Keeping
Taxes: Rental Property
Taxes: Self Employment
Related TopicsInvestments: Taxes
IRAs and Retirement Plans: IRAs and Taxes
If you are past due on your federal income taxes, the Internal Revenue Service can file a tax lien against your house. A lien can complicate selling the home and make it difficult to refinance the mortgage. Check out your options.Don't Overlook Tax Break of Mortgage Points
If you have ever taken out a mortgage, you probably already know of the tax advantage provided by deducting your mortgage interest payments. But many homeowners overlook another tax break available for points paid to get a home loan. In some cases, points also could shave tax bills for folks who refinanced or got an equity loan or line of credit.Cut Taxes with Early Mortgage Payment
A little year-end attention to your mortgage payment could lower your upcoming Internal Revenue Service bill. That means your Jan. 1 mortgage statement represents interest for the month of December, making it a tax-break-eligible bill for this year. By accelerating that payment even by just a day, you get an additional tax deduction for the interest paid.Is Mortgage Payment Help Taxable?
"I am receiving money from my mortgage lender as part of a job loss mortgage protection insurance program. Are these payments taxable and if so, how would I report them?"Tax Benefit Trimmed with 15-year Mortgage
"I am eight years into a 30-year, fixed-rate mortgage with an interest rate of 5.78 percent. I have been making additional payments toward the principal and, according to my revised amortization schedule, I am actually 13 years into a 30-year loan. Is it wise to refinance into a 15-year mortgage at 3.875 percent fixed and lose the tax deduction, which I use to its fullest?"
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