enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. Can You Deduct Homeowner’s Insurance on Your Taxes? - AOL

   www.aol.com/deduct-homeowner-insurance-taxes...

   To qualify for the homeowners insurance tax deduction, one of the following must be true: You have rental property: If you pay mortgage insurance premiums on income-generating property, a rental ...

3. Is homeowners insurance tax deductible? - AOL

   www.aol.com/finance/homeowners-insurance-tax...

   The other qualifying entity for homeowners insurance tax deductions is landlords. If you receive rental income from your home, you may be able to deduct a portion of your homeowners insurance ...

4. The 6 Most Important Tax Deductions You Need to Claim - AOL

   www.aol.com/finance/6-most-important-tax...

   The maximum deduction you can claim for all state and local taxes, including real estate and personal property tax, income tax and sales tax, is $10,000 — $5,000 if you’re married and filing ...

5. Cost basis - Wikipedia

   en.wikipedia.org/wiki/Cost_basis

   For example, if a person buys a rock for $20, and sells the same rock for $20, there is no tax, since there is no profit. If, however, that person buys a rock for $20 and then sells the same rock for $25, then there is a capital gain on the rock of $5, which is thus taxable. The purchase price of $20 is analogous to cost of sales.

6. Alternative minimum tax - Wikipedia

   en.wikipedia.org/wiki/Alternative_minimum_tax

   Each year, high-income taxpayers must calculate and then pay the greater of an alternative minimum tax (AMT) or regular tax. [9] The alternative minimum taxable income (AMTI) is calculated by taking the taxpayer's regular income and adding on disallowed credits and deductions such as the bargain element from incentive stock options, state and local tax deduction, foreign tax credits, and ...

7. Causes of the 2000s United States housing bubble - Wikipedia

   en.wikipedia.org/wiki/Causes_of_the_2000s_United...

   This formula does not include the cost of foregoing the standard deduction (required for taking the tax deduction). Assuming a home cost of P dollars, yearly interest rate r fixed over N years, marginal income tax rate , property tax rate (assumed to be 0.5–2% of P), and yearly maintenance cost rate (assumed to be 0.5–1% of P), the monthly ...