Get Your Tax Refund
File your Federal Taxes for
Free with TurboTax Federal FREE Edition
FREE to Prepare + FREE to Print + FREE to E-file
- Get your maximum refund*
- 100% accurate calculations guaranteed*
TurboTax Federal Free Edition - File Taxes Online
Don't let filing your taxes get you down! We'll help make it as easy as possible. With e-file and direct deposit, there's no faster way to get your refund!
Approved TurboTax Affiliate Site. TurboTax and TurboTax Online, among others, are registered trademarks and/or service marks of Intuit Inc. in the United States and other countries. Other parties' trademarks or service marks are the property of the respective owners.
State Tax Return For FreeFree H&r Block TaxIrs Short Form1040x Amended Tax FormWww Irs Gov FreefileDo I File 2008 Tax ReturnWww Irs GovHow Do You Amend A Tax ReturnTax Planning Us 1040Amending 2010 TaxesFiling State Taxes OnlineTax Preparation Software2011 Form 1040 EzHow To File My 2012 Tax ReturnCan I Amend My Tax Return Online1040 ComAmended Tax ReturnFile A 1040ez1040ez2013 Ez Tax FormHow To File Tax Amendment2009 Federal Income Tax Forms10w40ez1040 EzHr Block For MilitaryStandard Deduction For Form 1040Tax Ez Form 2011Taxes Help1040ez 2011 Online FormHr Block 20111040ez Form 2012 OnlineWhat Do I Need To File My 2012 Tax Return1040nr Filing1040 Ez FormsFree State Tax HelpFillable 1040ezHow To Amend Your Taxes2012 State Tax FormHow To File Amended Tax Return TurbotaxFull Time Student Filing TaxesFile My 2011 Tax Return
State Tax Return For FreeState tax return for free Index A Adjusted basis: Adoption tax benefits, Adoption Tax Benefits Assessment for local improvements, Assessments for Local Improvements Canceled debt, Canceled Debt Excluded From Income Casualty and theft losses, Casualties and Thefts Credit for qualified electric vehicles, Vehicle Credits Decreases to, Decreases to Basis Depreciation, Depreciation Easements, Easements Employer-provided child care, Employer-Provided Child Care Example, Adjustments to Basis Example Gain from sale of home, Postponed Gain From Sale of Home Gas-guzzler tax, Gas-Guzzler Tax Increases to, Increases to Basis Section 179 deduction, Section 179 Deduction Subsidies for energy conservation, Exclusion of Subsidies for Energy Conservation Measures Adoption tax benefits, Adoption Tax Benefits Allocating basis, Allocating the Basis Assistance (see Tax help) Assumption of mortgage, Assumption of mortgage. State tax return for free B Business acquired, Trade or Business Acquired Business assets, Business Assets Businesses exchanged, Exchange of business property. State tax return for free C Canceled debt, Canceled Debt Excluded From Income Casualty and theft losses, Casualties and Thefts Change to business use, Property Changed to Business or Rental Use Community property, Community Property Constructing assets, Constructing assets. State tax return for free Copyrights, Copyrights. State tax return for free Cost basis: Allocating basis, Allocating the Basis Assumption of mortgage, Assumption of mortgage. State tax return for free Capitalized costs, Activities subject to the rules. State tax return for free , Deducting vs. State tax return for free Capitalizing Costs Loans, low or no interest, Loans with low or no interest. State tax return for free Real estate taxes, Real estate taxes. State tax return for free Real property, Real Property Settlement costs (fees), Settlement costs. State tax return for free D Decreases to basis, Decreases to Basis Demolition of building, Demolition of building. State tax return for free Depreciation, Depreciation E Easements, Easements Employer-provided child care, Employer-Provided Child Care Exchanges: Involuntary, Involuntary Conversions Like-kind, Like-Kind Exchanges Nontaxable, Nontaxable Exchanges Partial business use of property, Partial Business Use of Property Taxable, Taxable Exchanges F Fair market value, Fair market value (FMV). State tax return for free Franchises, Franchises, trademarks, and trade names. State tax return for free Free tax services, How To Get Tax Help G Gain from sale of home, Postponed Gain From Sale of Home Gifts, property received, Property Received as a Gift Group of assets acquired, Group of Assets Acquired H Help (see Tax help) I Inherited property, Inherited Property Intangible assets, Intangible Assets Involuntary exchanges, Involuntary Conversions L Land and buildings, Land and Buildings Loans, low or no interest, Loans with low or no interest. State tax return for free M More information (see Tax help) N Nontaxable exchanges: Like-kind, Like-Kind Exchanges Partial, Partially Nontaxable Exchange P Partially nontaxable exchanges, Partially Nontaxable Exchange Patents, Patents. State tax return for free Points, Points. State tax return for free Property changed to business use, Property Changed to Business or Rental Use Property received as a gift, Property Received as a Gift Property received for services: Bargain purchases, Bargain Purchases Fair market value, Property Received for Services Restricted property, Restricted Property Property transferred from a spouse, Property Transferred From a Spouse Publications (see Tax help) R Real estate taxes, Real estate taxes. State tax return for free Real property, Real Property S Settlement costs (fees), Settlement costs. State tax return for free Special-use valuation, Special-use valuation. State tax return for free Spouse, property transferred from, Property Transferred From a Spouse Stocks and bonds, Stocks and Bonds Subdivided lots, Subdivided lots. State tax return for free T Tax help, How To Get Tax Help Taxable exchanges, Taxable Exchanges Taxpayer Advocate, Contacting your Taxpayer Advocate. State tax return for free Trade or business acquired, Trade or Business Acquired Trademarks and trade names, Franchises, trademarks, and trade names. State tax return for free Trading property (see Exchanges), Taxable Exchanges TTY/TDD information, How To Get Tax Help U Uniform capitalization rules: Activities subject to the rules, Activities subject to the rules. State tax return for free Exceptions, Exceptions. State tax return for free Prev Up Home More Online Publications
Shopping for a Home Mortgage
Question to Ask When Shopping for a Mortgage
When shopping for a home mortgage make sure you obtain all the relevant information:
- Research current interest rates. Check the real estate section of your local newspaper, use the Internet, or call at least six lenders for information.
- Check the rates for 30-year, 20-year and 15-year mortgages. You may be able to save thousands of dollars in interest charges by getting the shortest-term mortgage you can afford.
- Ask for details on the same loan amount, loan term, and type of loan from multiple lenders so that you can compare the information. Be sure to get the Annual Percentage Rate (APR), which takes into account not only the interest rate but also points, broker fees, and other credit charges expressed as a yearly rate.
- Ask whether the rate is fixed or adjustable. The interest rate on adjustable rate mortgage loans (ARMs) can vary a great deal over the lifetime of the mortgage. An increase of several percentage points might raise payments by hundreds of dollars per month.
- If a loan has an adjustable rate, ask when and how the rate and loan payment could change.
- Find out how much down payment is required. Some lenders require 20% of the home's purchase price as a down payment. But many lenders now offer loans that require less. In these cases, you may be required to purchase private mortgage insurance (PMI) to protect the lender if you fall behind on payments.
- If PMI is required, ask what the total cost of the insurance will be. How much will the monthly mortgage payment be when the PMI premium is added and how long you will be required to carry PMI?
- Ask if you can pay off the loan early and if there is a penalty for doing so.
There is a long list of sources for mortgages loans: mortgage banks, mortgage brokers, banks, thrifts and credit unions, home builders, real estate agencies and Internet lenders.
Tips for Working with Lenders
- Get recommendations: Ask friends and family members for suggestions, especially if they've recently obtained a loan.
- Check credentials: Mortgage bankers are regulated by either your state's department of banking or division of real estate. Check with the one appropriate to your state to see if a lender is in good professional standing. Mortgage brokers may be state regulated or not. If not, check with the local chapter of the National Association of Mortgage Brokers or the Better Business Bureau to see if their record is clean.
- Do your homework: Learn about typical mortgages and ask questions when something looks amiss; a broker may be trying to pad closing costs or other fees at your expense.
- Take care online: There are plenty of attractive deals online, but first make sure you're dealing with a reliable broker or lender.
If you're working with a broker, the National Consumer Law Center recommends you demand to know how much the broker is making from the lender as well as from any fees you might be paying. It's best to get this information upfront and in writing. Avoid a broker who is double-dipping-getting a fat premium from the lender, as well as fees from you.
The Real Estate Settlement Procedures Act (RESPA) requires lenders to give you information on all closing costs and escrow account practices. Any business relationships between the lender and closing service providers or other parties to the transaction must also be disclosed. Many of the fees are negotiable. More information is available from the Federal Trade Commission, the Federal Reserve Board, and the Department of Housing and Urban Development.
For more information on home buying and mortgages, visit Fannie Mae's website or call 202-752-7000.