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• 1. F

     Should I payoff my mortgage?

     What is the name of your state (only U.S. law)? NEVADA It's the ole "should I pay off my mortgage" again. I've searched the forum, but everybody's situation is unique. I'm in the 5th year of a 30yr fixed, at 5.75% I still owe $83k, and I think I can come up with that sum in a few months...

     • fw12
     • Thread
     • Aug 24, 2008
     • Replies: 6
     • Forum: Mortgages, Refinancing & Foreclosure
  2. F

     What does Tax Credit mean?

     What is the name of your state? Nevada I'm planning to purchase a Tankless Water Heater, which qualifies for a $300 tax credit. What does Tax Credit Mean? Does it mean I get to subtract $300 off my gross income before income tax is calculated? OR Does it reduce my tax liability by $300. In...

     • fw12
     • Thread
     • Dec 3, 2007
     • Replies: 2
     • Forum: Tax Law
  3. F

     Self Employment Tax

     What is the name of your state? Nevada Hello, I have a full-time job where I'm paid as an employee. That means taxes are taken out each pay period by my employer. In addition, I have a part-time job that pays me as an independent contractor. I'm paid (hourly rate * hours worked). No taxes...

     • fw12
     • Thread
     • Oct 27, 2007
     • Replies: 6
     • Forum: Tax Law