For tax year 2013, the standard deduction is $6,100 for single Americans and $12,200 for those married and filing jointly.
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Tag Archives: homeowners
Rising home prices rescue underwater homeowners
Demonstrating the power of rising home prices, the number of underwater homeowners has dropped below 10 million for the first time in more than at least three years.
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Mandatory home warranties to protect buyers
Homeowners and builders will soon have to adjust to rising prices, and changing construction procedures in the province.
Come Nov. 1, the New Home Buyer Protection Act will require builders to provide a warranty for all new homes in Alberta.
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Tax hike for city homeowners
Lethbridge homeowners will be paying an average of about $43 more for their city property taxes this year.
The 2013 Property Taxation Requirements were implemented by City Council during its regular meeting at City Hall Monday afternoon, which officially puts the previously-approved tax bylaw increase of 2.89 per cent into effect.
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Tiny tax break for Edmonton homeowners, Alberta budget numbers show
The province’s new education property tax policy will result in a marginal break for Edmonton homeowners.
Every year the province levies an education property tax on all Alberta cities, and this year their estimating Edmonton homeowners will see a $20 drop in their bill.
“For this budget the requisition is $399 million — that’s 2% higher than it was last year,” said city spokesman Jason Darrah, Friday.
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