Buying Our First Home

It's no secret that Junior and I moved into a new home last month. I wish it was a house that we are buying, but as luck would have it, we are renting yet again. In fact, we have rented for the entire 15 years we have been married, except for the time we were "renting to own" from his dad, and you all know how that ended. It is just not in the cards for us to be homeowners right now, and I can not tell you how much I wish that wasn't true. I am hoping that within the next couple of years, we will be buying first home. This is the first time we have laid out a plan for accomplishing this, and it will be a wonderful day when we will be putting our hard earned money towards something that will be ours.

I wish we were able to get a house last year, so we could have qualified for one of those awesome tax credits. Check out this video, which explains everything.


This guys explained things so much better than I could have, that's for sure. The only thing I really know is that last year was the perfect time to buy our first home, and we couldn't do it. I guess it will continue to be a dream of ours, and hopefully, someday, it will become a reality.

Real Estate Tax Benefit

I have heard a lot lately about this home owners tax credit, and to be honest, I didn't really know what it was all about. The only thing I did know was that if you bought a house last year, you would get an $8000 tax credit.

Junior and I had our taxes filled out last week, and the lady doing it asked us if we had bought a home, or were planning to buy a home in the next few months. I told her that no, we couldn't afford to buy a house right now, and she said that was too bed, because they had extended the deadline to qualify until the end of April of this year, as long as you closed before the end of June. She said a lot of people are qualifying for the Real Estate Tax Benefit, and it's too bad that we didn't.

Yeah, that's too bad.

We are going to spend another couple of years throwing money away on rent, but what can we do? Hopefully some day soon we will be able to afford to buy a house.

Hopefully.

If you did buy a house last year, make sure you know everything about this tax credit, especially if you file your own taxes. Check out this video, which shares all the details.


Junior and I may not have qualified for this house credit, but we did qualify for some other things. Thankfully we will be getting enough of a refund to get us out of our financial mess, which means that come March, I will be a little less stressed.

I like less stress.

All About Taxes

Last week I got a call from the company we use to file our taxes. We have gone to them for the past four years, and they always do a great job. The call was about a new service, where you bring in the last paycheck stub of last year, and they estimate your taxes, then give you a certain portion of your refund on a Visa Debit Card. We went in this morning, and we started discussing the fact that I am now making money working online. This money is not taxed. I have to pay the taxes myself. Our agent told us that if Junior just payed a little more each week out of his check, at the end of next year it should all even out, because we file jointly.

I know there are people out there who may not have known this, and are finding themselves in need of IRS tax relief. Not necessarily bloggers, but anyone who owes money to the government.
There are people facing IRS tax audits who need someone on their side, who knows the laws. That is one of the things that scares me about doing my taxes myself. If a mistake is made, I have only myself to blame. This could lead to liens and penalties, and all kinds of scary things. There is such a thing as IRS lien subordination, which can help if you are needing to refinance your property. I do not understand all the technical stuff, so it's a good thing there are people out there who specialize in these things.

Today we walked out of our appointment with a couple of hundred dollars, and an estimate of our refund. Luckily, it is enough to pay off our yearly debts, and still have a little left over. That is always a good thing.