Visit the Shaks

  • Shak In Style
  • Shakhammer
  • Love Shak, Baby
  • LoanShak
  • ShakYard
  • WorkShak
  • Shaktronics
  • Shak & Jill
  • Animal Shak
  • Shak & Jill


    Join Jill for savvy Real Estate discussion.
    visit the shak!

    Did you know?


  • From 2001 to 2005, the average homeowner saw the value of his or her house jump by more than 50 percent.
  • read all shaktoids!

    « Check the Credit History of Builder | Main | A Look at Foreclosure Distribution in the U.S. »

    January 18, 2010
    Two Home-Related Tax Moves for 2010
    Stimulus Tax Break
    Image by KOMUnews via Flickr

    2010 is going to be an interesting year for taxes. There are a number of tax breaks available that haven’t been available before. Here are two home-related tax moves for you to consider in 2010:

    1. Buy a Home

    The first time home buyer tax credit has been expanded and extended so that you can get the $8,000 first time tax credit until the end of April. Additionally, if you already own, you can get up to $6,500 when you buy. If you are planning to buy in the next couple of years, this might be the year to do.

    2. Green Home Improvements

    If you are thinking of making your home more energy efficient, 2010 is your year. There are tax credits available for putting in solar home heating systems, replacing your windows, adding insulation, and more.

    Plan out the year ahead so that you can do your best to reduce your tax liability. Figure out what you want, and then decide how you can make it work within your budget.

    Reblog this post [with Zemanta]
    Technorati Tags: , , , , , ,

    Add to: del.icio.us  Digg  Face Book  stumbleupon  technorati
    TrackBack

    TrackBack URL for this entry:
    http://loanshak.com/2010/01/two-home-related-tax-moves-for-2010.html/trackback

    Comments

    [...] you might overlook when preparing your taxes. As you get your 2009 tax return together, and as you plan for taxes in 2010, consider The Tax Lady, and keep these 5 things in mind: 1. Changes to your family: Childbirth, [...]

    Post your comment