I bought my home in June of 2007. Am I eligible for a homestead exemption for the tax year 2007 or not?
Answers: Are you speaking of state property taxes?
I bought my home in August 2004 from a commercial company that owned the house
Found out later that in Michigan you do not qualify for the homestead exemption on property taxes if you buy the home AFTER May 15. So, my first years property taxes were $7000 on a $179,000 purchase.
Then, the following year I was denied my refund on state income taxes because they stated I lied about my income taxes paid.
Unless you work for the state union, this state sucks.
Please give more info as to your location and what homestead exemption you specifically are talking about.
each state has their own laws.In oklahoma the answer is yes so check at the county court house or better yet call a real estate firm they can tell you quickly.
What should i do?taxes federal?
im doing my taxes for the first time.my adjustaded gross income line 38 is lower than my standard supposition line 40.a gloomy number comes up when doing the math.should i put the negative number or should i put nought in procession 42? im filling single claiming myself form 1040
Answers: Enter 0.
The form I'm sure tell you that if the amount is less than nought, enter zero.
Have ISA from last tax year & interest still going into it.Can I take out another ISA now ?
Answers: You can take out up to one cash isa in each year for up to £3,000, so if you invested in the the last tax year ie before 5 April 2007 then you can invest now: if you invested after 5 April 2007 then you are in this tax year and will have to wait until after 5 April 2008
provided you only do one a year, you can keep as many as you want with interest accruing.
Your ISA runs from 5 April 07 til 4 April 08 and you can't have another ISA until next tax year starts on 5th April 08.