New Home Tax Return

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If you file your taxes early, you don’t have to wait until after the tax deadline to get your tax refund. Depending on the complexity of your tax return, you could get your tax refund in just a couple of weeks. An income tax refund estimator generally won’t tell you when you can expect to get your return.

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Owning a home offers lots of tax breaks. Here are homeowner expenses you can deduct on Schedule A — and some you can’t. And more tips to get the most tax advantages out of your new property.

What do do while you’re waiting. The best way to communicate with the Tax Department about your return is to open an Online Services account and request electronic communications for both Bills and Related Notices and Other Notifications.When you select both options, we’ll email you when we issue your refund, and alert you to any future correspondence.

What’s more, if your new home is in Telluride, Colorado, the town will tack on an extra 3% real estate transfer tax for any home purchase of more than $500. It’s up to the buyer to pay the town’s tax. So if you buy a $500,000 home there, you’ll owe a transfer tax of $5,000 to the state and another $15,000 to the town.

Starting in 2018, however, tax reform imposed a cap on the amount of state and local taxes you can deduct, which includes property taxes. The majority of filers can now only deduct up to $10,000 in property and income or sales tax on their 2018 tax returns.

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Home Page. Search. Search. Information Menu. Help; News. Employer’s Quarterly Federal Tax Return. Form W-2. employers engaged in a trade or business who pay compensation.. free file will help you file your return and navigate new tax laws. Tax Cuts and Jobs Act . Tax law changes for 2019.

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