From the category archives:

taxes

Even though property values drop 23% in Md. Over the last 3 years your property taxes won’t go down $0.01

December 30, 2010 Anne Arundel County Maryland

If you read between the lines what the county will do is raise the tax rate. Since the values have gone down. They can’t mess with the value. Another trick is to take away the homestead tax credit. Some counties have already done that. I talked to a lady at the office of finance in [...]

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Smoke and mirrors on how to lower your taxes?

December 29, 2010 Money

Recently I have seen a lot of articles about how to lower your taxes for 2010. Here is what most people say is a good way to lower your taxes. Make you January mortgage payment by Dec 31st. that way you get an extra month worth of interest to deduct from your taxable income. That [...]

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Do you really think Annapolis has the lowest taxes in the state?

December 21, 2010 Anne Arundel County Maryland

I found an article that said Annapolis has the lowest property taxes in the state. This is just a way to play with numbers. Annapolis is one of the most expensive areas in the state. That would be like saying all people that make $250,000 a year gets too pay the same tax rate as [...]

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Say Goodbuy to a energy tax credit uncle sam needs your money.

December 20, 2010 Money

The Bill that was signed three days ago and should be before the president ASAP and is a very broad bill that has some major changes to the current energy efficient tax credits.  There are still incentives for builders to build efficient homes ($2000) and manufacturers to build more efficient appliances.   However, gone will be [...]

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Getting ready for tax time cut taxes and get rid of loopholes

December 7, 2010 Money

Last night Ben Bernanke was on 60 min. talking about ways to cut taxes and loopholes. Let’s get one thing straight! Do you know how many accountants that would put out of work? It sounds nice but it will never happen. Just remember this people with money make the laws why would you make a [...]

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The New Tax Man: Big Banks & Hedge Funds

October 19, 2010 taxes

Originally found at The Huffington Post Nearly a dozen major banks and hedge funds, anticipating quick profits from homeowners who fall behind on property taxes, are quietly plowing hundreds of millions of dollars into businesses that collect the debts, tack on escalating fees and threaten to foreclose on the homes of those who fail to [...]

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Trying to outsmart the IRS with getting the homebuyers tax credit!

August 5, 2010 taxes

Originally found at bankrate Dear Tax Talk, My husband and I have been married and filing jointly since 2006. He has been part owner of a house since 2005. In 2009, we bought our new home. Since I am a new homeowner, in 2009 I filed married filing separately and tried to claim half the first-time [...]

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Raise this tax instead of my property taxes!!

August 2, 2010 Money

You can ask anybody that knows me the last thing I like to here is RAISE TAXES. In this case I would raise them to the roof  to keep my property taxes low. Originally found at the sun Aside from the self-destructive and Walter F. Mondale, politicians don’t generally run on a promise to raise [...]

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Tax Tips: Selling your family home? First know the latest tax rules

July 27, 2010 Home Seller

Originally found at the Capital One of the most misunderstood tenets in the tax law today could, potentially, involve the most important investment that you have – your own home. Like many of my professional colleagues, I continue to bebaffled by the misinformation that seems to prevail among homeowners who are getting ready to make [...]

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Property Tax Reassessment AA County

June 28, 2010 Anne Arundel County Maryland

Originally found at Active Rain If you purchase a home this year between January 1st and June 30th, you should consider reviewing your property tax assessment, especially considering that property values have declined and tax assessments may not accurately reflect the value of your home.  You must appear your property tax assessment within 60 days of the transfer.  After [...]

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