05 Jul Will we have to pay the exit tax if we don’t have a big gain?
The exit tax is actually an estimated tax on the gain from your home sale. ...
04 Jul Can we get ANCHOR for our second home?
ANCHOR is meant to defray property tax expenses....
03 Jul Can I add my minor daughter as an owner of my house?
There can be complications when you own property with another person. ...
01 Jul What happens with ANCHOR on my tax return?
The ANCHOR benefit is supposed to help alleviate your property tax burden....
26 Jun I’m confused. Why didn’t I get a Senior Freeze check?
The state's property tax breaks can be very confusing. ...
25 Jun How can I figure out capital gains tax on this property?
There are several tax issues to consider when you sell your home. ...
24 Jun We sold our home. Do we owe the exit tax?
The exit tax is a pre-paid, estimated tax based on your home sale. ...
18 Jun Are there any updates relative to ANCHOR benefit for tax year 2021?
This benefit is funded each year in the state budget....
14 Jun What taxes are owed if I gift a house to my adult children?
You may have to file a form with the IRS when you make the transaction. ...
12 Jun When will the next ANCHOR application come out?
The state is trying to make it easier to get this property tax benefit....