IRS details new tax breaks - WAFF-TV: News, Weather and Sports for Huntsville, AL

IRS details new tax breaks

HUNTSVILLE, AL (WAFF) - Tax time is here, and you'll want to make sure you take advantage of three new tax breaks this year.   The first is in the area of real estate. It's for those who don't itemize their tax returns.

The next break is for first time home buyers. This actually covers anyone who hasn't owned a home in the past 3 years, and purchased a home in either 2008 or 2009.

The third tax break is the recovery rebate credit. It's a second chance to get a stimulus payment. Those who qualify for this break include those who had children last year or those who stopped being a dependent in 2008.

Click here for a link to the IRS website.

Powered by Frankly