This past Sept I purchased my first home (no points, and only about $1,000 down after paying closing and taxes) I am also a part- graduate student and am working full time, I am trying to get a picture of what my taxes will be like this year.
I am 25 and un-married, so the only exemption I will take is me.
1. My Fiancee's father gave me $5,000 for the closing costs (have a gift letter), Do I have to claim this on my taxes?
2. I know nothing about the lifetime learning/ HOPe credits are these something that i can claim?
3. Can i expect a larger tax return then last year because i purchased the house? I only made 3 mortgage payments in 2006. My total gross income will be under 37k, with about 2,500 going to pension funds
2006-12-15
13:25:23
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5 answers
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asked by
almatters
2