Thursday, October 23, 2014

How does a mortgage effect my tax return?

I recently purchased a home in September 2013. Does that effect what tax form I use? I have only used the 1040EZ in the past. I think I may be able to get a better return now that I am paying a mortgage, but that form nor the other 1040's ask if I have mortgage. Also my home was rented, and now that I'm the primary resident, the property tax should go down a bit, but I'm also not sure where I would let the county or whomever know that. What is Declaration of Homestead, do I need to do that? I never received my property tax bill, was I supposed to? It's need for that Homestead thing. Thanks…

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