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average tax return for the first full year of owning a home...
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mosh913
baby boy coming spring '11
Member since 5/05 3133 total posts
Name:
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average tax return for the first full year of owning a home...
Just curious...what was yours? I know everybody's income is different. TIA :)
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Posted 1/9/10 12:44 PM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
ThreeCats
Train Ride
Member since 5/05 3127 total posts
Name:
A
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Re: average tax return for the first full year of owning a home...
i think it really depends on when you purchased your home - Jan or December, that would make a big difference in return
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| Posted 1/9/10 4:14 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: average tax return for the first full year of owning a home...
there is no way of anyone telling you this.
Everyone's tax situation is different.
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| Posted 1/9/10 4:36 PM |
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queensgal
Smile
Member since 4/09 3287 total posts
Name:
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Re: average tax return for the first full year of owning a home...
Totally depends on how many months you paid your morgatge too - Like PP said, the year we moved, we actually owed because we only paid mortgage for part of the year.
Depends on how much you have taken out of your paycheck, etc.
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| Posted 1/9/10 6:51 PM |
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LulaBell
:)
Member since 1/06 3508 total posts
Name:
J
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Re: average tax return for the first full year of owning a home...
We bought our house in April and that year be both claimed 0, married filing single and got a substantial return. We also had large 403B deductions and educational costs that contributed to the size of that return.
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| Posted 1/9/10 7:53 PM |
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