TITLE

Some refinancing costs may be deductible

PUB. DATE
November 2003
SOURCE
Westchester County Business Journal;11/10/2003, Vol. 42 Issue 45, p33
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports on the tax deductions related to refinanced mortgage loans according to the Internal Revenue Service in the U.S. Deduction of points associated with the home improvements in the year paid; Limits on the amount of deductions; Tax status of appraisal fees and processing fees.
ACCESSION #
11443916

 

Related Articles

  • Refinancing your home. Perry, Ann // Fairfield County Business Journal;2/24/2003, Vol. 42 Issue 8, p18 

    Reports that taxpayers who refinanced their homes is eligible to obtain mortgage loans in Fairfield County, Connecticut. Interest deduction for refinanced mortgages; Tax deductions for refinanced mortgages; Requirements to qualify the refinanced mortgages.

  • Join Hands For Greater Access.  // Money Today;Sep2011, p12 

    The article provides insight on the mechanics of joint home loans in India. Some benefits of a joint home loan are sharing debt-burden and getting a higher loan as the income of both borrowers will be considered. A discussion on qualified co-borrowers is provided. Co-borrowers of a joint home...

  • IRS Clarifies Mortgage Deductions.  // American Banker;3/28/2011, Vol. 176 Issue 47, p7 

    The article mentions the U.S. Internal Revenue Service's policy on how much mortgage interest can be deducted on income tax returns.

  • Homeowners take first-ever tax deduction for mortgage insurance.  // Hudson Valley Business Journal;4/7/2008, Vol. 19 Issue 14, p17 

    The article reports on the anticipation of eligible taxpayers to claim their first-ever tax deduction for mortgage insurance premiums in the U.S. According to the article, the deductions enables homeowners to reduce the full cost of their premiums through their federal tax returns. In addition,...

  • WEEKLY UPDATE. McCarthy, Warren // Bulletin with Newsweek;9/4/2007, Vol. 125 Issue 6585, p49 

    The article presents the author's comments on the proposal for tax breaks of up to $15,000 per annum for the first five years of their loan for first time home buyers in Australia. The scheme would need to be financed by federal government. According to the author, it would enable many more...

  • Will home loan borrowers be happy? Suryawanshi, Priyanka // Sahara Time;3/9/2013, Vol. 10 Issue 510, p24 

    The article offers the author's insights on the announcement made by Finance Minister of India regarding the additional reduction on interest for first home loan under the Equated Monthly Installment (EMI) for Home loans.

  • Just how long is too long? Freeman, Peter // Money (Australia Edition);Oct2010, Issue 128, p14 

    The article discusses whether the interest paid on a loan used to purchase land as an investment is tax deductible.

  • Tax Guide 2003. McGirt, Ellen // Money;Mar2003, Vol. 32 Issue 3, p88 

    On the teeth-gritting side, the millions of refinancers face some daunting paperwork, and the alternative minimum tax (AMT) looms large for a growing number of people. Mortgage interest as well as property taxes are deductible. Withdrawals are tax-free as long as the money is used for...

  • THE TAX CONSEQUENCES OF THE STATUTORY RIGHT OF REDEMPTION IN PROPERTY FORECLOSURES. Pasquini, C. Barrett // William & Mary Law Review;Mar2007, Vol. 48 Issue 4, p1497 

    The article focuses on the tax repercussions of redemption in property foreclosures' statutory right. The author examines on the impact of statutory redemption on income, income recognition and depreciation by focusing on the factors on the current state of foreclosures. He provides a background...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics