Getting the most out of your taxes
Carol Hazard
Mar 01, 2009
One of the most interesting facts that didn’t make it in the article involves the standard deduction. Nearly two-thirds of all federal income-tax returns take the standard deduction, instead of itemizing deductions such as charitable donations. For 2008, taxpayers can for the first time claim up to $500 or $1,000 for married couples filing jointly in real estate taxes paid.
The most useful Web site for tax information is www.irs.gov
I inherited a house from my parents and sold it. I realize that since I sold it within a few months there will be no tax. However, do I have to report the sale in any way on my tax returns?
Online Tax Preparation
Tax Preparation
Dec. 22, 2009 at 08:35 AM
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