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When tax season rolls around, are you surprised as to why you owe money to the IRS? Where is your refund check? Read below to find answers. How many allowances are you claiming on your Form W-4 (Employee's Withholding Allowance Certificate)? VERY IMPORTANT! This determines how much tax is taken from your pay and the…

Have you ever wondered how your credit score is calculated? Credit scoring models use the following information when evaluating a score: Of the score, 35% comes from the payment history with higher weight for recent history.  If late payments, collections, and/or a bankruptcy appear in the credit report, they are subtracted from the score. Outstanding…

As a home buyer, when you finally get to the closing table and receive keys to your new home, a great question to ask is....when is your first mortgage payment due? Unlike a rent payment (paid in advance), your mortgage payment is paid after the fact (paid in arrears). When buying a home and obtaining…

All legal Florida residents are eligible for a homestead exemption in Florida on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify.  The Florida Constitution provides this tax-saving exemption on the first and third $25,000 of the assessed value of an owner/occupied residence. The Homestead exemption in Florida may refer to three different types of homestead exemptions under…