- Days left
Do you dream of owning your own home? With interest rates near rock bottom (if you can qualify), housing prices down hugely from three years ago, and the government dangling a hefty tax credit in your face, how can you resist? Our friends at Fixr.com have prepared this nifty flow chart to help you determine if that government tax credit applies to your dream. If you prefer text, our Kelly Phillip Erb wrote an excellent post on the topic recently.


If you can afford a house, good for you; your time is nigh. The tax credit expires at the end of April. While you dream, however, keep in mind one of WalletPop's tenets; a good deal on a product that you can't afford is not really a good deal, no matter how shiny and seductive. But isn't it fun to dream?

Click the image to enlarge

Home buying tax credits
Source: Fixr

Increase your money and finance knowledge from home

Advice for Recent College Grads

Prepare yourself for the "real world".

View Course »

Intro to different retirement accounts

What does it mean to have a 401(k)? IRA?

View Course »

TurboTax Articles

How Does IRS Form 1095-B Affect Small Businesses?

IRS Form 1095-B provides information about health insurance coverage. The Affordable Care Act (ACA), also known as Obamacare, requires that insurance providers send this form to those whose coverage meets the minimal standards of the law.

Tax Tips for Job Hunters

It's been said by many that looking for a job is a job in itself. The Internal Revenue Service (IRS) allows the deduction related to some costs of job hunting, the same way employees can deduct some unreimbursed job expenses. Not all job searches qualify, though, so it's wise to educate yourself on the rules.

What is Form 1095-C: Employer-Provided Health Insurance Offer and Coverage

The Affordable Care Act, or Obamacare, requires certain employers to offer health insurance coverage to full-time employees and their dependents. Further, those employers must send an annual statement to all employees eligible for coverage describing the insurance available to them. The Internal Revenue Service (IRS) created Form 1095-C to serve as that statement.

What is Form 1098-E: Student Loan Interest Statement?

If you paid interest on a qualified student loan, you may be able to deduct some or even all of that interest on your federal income tax return. Student loan companies use IRS Form 1098-E to report how much you paid in interest. Borrowers get a copy of this form, and so does the IRS.

Add a Comment

*0 / 3000 Character Maximum

1 Comment

Filter by:
Elisa Jed

What about home improvements? I know that some taxes can either help you or nail you on such things as fireplace installments? Would you suggest going to the website itself like http://www.chicagofireplaceinc.com/Services/ or asking a local tax accountant?

January 08 2014 at 7:55 PM Report abuse rate up rate down Reply