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jk the sooner fan
1/29/2006, 02:37 PM
owning/buying a home help you on your federal tax return?

i dont see any benefit on my return.......
SoonerInKCMO
1/29/2006, 02:49 PM
Mortgage interest deduction?

Of course, if you don't have other deductions and your interest is less than the standard deduction, it probably doesn't help.
jk the sooner fan
1/29/2006, 02:50 PM
if you don't have other deductions and your interest is less than the standard deduction, it probably doesn't help.

ahh, that would explain it.......only paid on the house for 5 months this year
thanks.
StoopTroup
1/29/2006, 02:52 PM
Why do Employers make such a big deal when you just make it on-time to work everyday when they mail your W-4 to you on the last day of the month every year?
Widescreen
1/29/2006, 04:12 PM
Why do Employers make such a big deal when you just make it on-time to work everyday when they mail your W-4 to you on the last day of the month every year?
W-2. Mine mailed mine out on 1/9. Not bad.
bigdsooner
1/29/2006, 04:20 PM
Why do Employers make such a big deal when you just make it on-time to work everyday when they mail your W-4 to you on the last day of the month every year?

do as i say, not as i do;)
sooner_born_1960
1/29/2006, 04:57 PM
I should be getting mine any day now.
yermom
1/29/2006, 06:01 PM
i know they were processing ours last week, could be here anytime
StoopTroup
1/29/2006, 06:26 PM
If it's late...they should have to pay all my taxes for the year.

I'm writing my Congressman.
Sooner_Bob
1/29/2006, 07:24 PM
I should be getting mine any day now.
same here . . .
soonerbrat
1/29/2006, 07:37 PM
haven't gotten mine yet

i guestimated on my tax return so i could go ahead and get my refund. i'll have to do an amended one later and i'll probably get a little more money back.
Mjcpr
1/29/2006, 08:20 PM
Your property taxes are deductible as well, jk.
Widescreen
1/29/2006, 10:13 PM
Your property taxes are deductible as well, jk.
And in Texas, that's a sizeable amount. Still with only 5 months in his house, it may still not be enough to itemize.
OU-HSV
1/29/2006, 10:18 PM
We bought our house in January '05, so this will be my first year to see how beneficial pwning a home is compared to renting..I'm hoping for some tax refundage after I got raked over the coals last tax season. (Plus I'll get the child credit for our baby boy.)
tulsaoilerfan
1/29/2006, 10:39 PM
owning/buying a home help you on your federal tax return?

i dont see any benefit on my return.......
Wait till next year and you should probably see a pretty good benefit on it