From the category archives:

Money

The General Assembly gave final approval early Wednesday afternoon to a budget package that will raise taxes on the wealthiest Maryland residents and shift the cost of teacher pensions to local jurisdictions. The tax package, which did not pass in the waning hours of the legislature’s regular session which ended last month, is expected to [...]

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I found an interesting article about how lenders want to know everything there is about a borrower. WRONG!!! WRONG!!! First a good lender will only use as little documentation as possible for a loan. If you get an approval with only one bank accounts statements. Don’t be getting bank statements for every bank account the [...]

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This year, Obama asserted that he would do away with mortgage interest deductions, and now, Romney is said to have plans to eliminate mortgage interest deductions on second homes, adding pressure to a trade organization lobbying against any changes. The National Association of Realtors (NAR) has fought and lobbied to keep the mortgage interest deduction [...]

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Homeowners must apply for property-tax credit or lose it

April 11, 2012 Money

Tens of thousands of Maryland homeowners who haven’t already applied for the Homestead Property Tax Credit have until the end of the year to do so or lose the often-valuable break. The deadline was set so long ago — 2007 — that some residents might not remember if they applied. State assessors, hoping to cut [...]

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Is Spain Becoming The Next Greece?

April 10, 2012 Current News

Is Spain becoming the next Greece No.? After what happened in Greece if another country goes under. I don’t think they will get bailed out. This is going to sound crazy but it’s true. In Spain they have two soccer teams Barcelona and Real Madrid. If either ones needs money the banks in Spain will [...]

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Realtors ready to protest mortgage deduction tomorrow

February 28, 2012 Current News

Maryland Realtors will rally outside the General Assembly on Wednesday morning to protest Gov. Martin O’Malley’s proposal to reduce deductions on mortgage interest and property taxes for higher-income Maryland residents. The 9 a.m. rally, organized by the Maryland Association of Realtors    , is expected to draw about 400 people to Lawyer’s Mall in Annapolis, [...]

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Two reasons to file a Federal Tax Return

February 27, 2012 Money

Here are two reasons to file a federal tax return Unless a lender can get a copy of your last two years tax transcripts you won’t be able to get a loan. The IRS says it still has one billion dollars in unclaimed tax refunds for people who never filed in 2008. The agency estimates [...]

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10 overlooked tax breaks

January 31, 2012 Money

For many taxpayers, sorting through receipts, bank statements, and compensation details counts as a major victory during tax season. But other, even more satisfying victories are within reach for those who claim the right tax breaks.   1. Additional charitable gifts Beyond the money you give to your favorite charities, you also can deduct the [...]

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O’Malley would like to change the mortgae interest deduction

January 30, 2012 Current News

An overlooked feature in Maryland Gov. O’Malleys proposed budget would change the tax benefit homeowners currently receive. According to the Maryland Association of Realtors, “Under the Governor’s proposed Budget Reconciliation and Financing Act of 2012 (BRFA, HB 87/SB 152), Maryland would be the first state  to scale back the most important tax benefit that homeowners [...]

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2011 tax caster

January 26, 2012 Money

It’s never too early to get started on your taxes. I put the 2011 tax caster on the navigation menu for you to take a look at. Have a great day. Tweet This Post

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