Tag Archives: Property tax

Governor Cuomo And New York Tax Rates

Tax Act

Your New York 2013 taxes may seem higher than ever, but changes may happen in the near future thanks to the proposed tax cuts set forth by Gov. Cuomo.

New York has a reputation for having a high tax rate, and it may take decades for this perception to change. Newspapers and magazines across the country have written about this perception, and this has only reinforced this feeling. TurboTax 2013 may be especially helpful for New York residents, and your 2013 taxes may be filed with confidence if you consult TurboTax 2013 as well.

Employers took notice when Cuomo announced … Read more at 2009 Taxes

Tax Breaks for Homeowners: Are You Missing Out?

Tax Act

There are many tax breaks that get overlooked, but homeowners often overlook the most obvious deductions. The truth is, as a homeowner, you stand to save hundreds if not thousands off your taxes. However, it all boils down to knowing what you qualify for. The following are just some of the tax breaks homeowners may be missing out on.

Mortgage Interest

The interest you pay on your mortgage should be one the first tax breaks you take advantage of. Those filing single can deduct mortgage interest on homes up to $500,000 ($1 million for married couples). This will require … Read more at 2009 Taxes

Tips on Reducing Property Taxes

Tax Act

It’s bad enough when you have to pay taxes at the department store, grocery store or on your personal income, but it can be extremely frustrating having to pay taxes on a property that you own, and not only that, but having to do it each and every year. Those taxes can easily reach into the thousands of dollars or more and can put a severe strain on your personal finances. However, there may be several ways to lower the property tax amount that you are paying; ways that if aren’t taken advantage of, could cost you hundreds or … Read more at 2009 Taxes