My problem is the equity in our home. We need it to be less then the $42,550.
Thats using the federal homestead and wild cards. We want to exempt our tax refund. But thats about $5000. Plus exempt our wages. It would be nice to use the wild cards on something else. I'm just afraid that we will pay $350 for an appraisal for it to come back about the same.
There is $17,000 in value more if we file in 2009. I'm trying to figure out the best plan.
We can file this month.(of course time is running out) use state exemptions.
The equity in the house is all exempt but there is no wild card or anything to exempt our tax refund. Or wages.
File this month use federal exemptions, but we would not have enough even with wild cards to exempt the whole equity in the house. Not to mention still losing our tax return and maybe wages?
Wait until next year to file after we have gotten and spent our tax return and file state seeing we have to much equity to file using federal. still would lose wages.
I guess its worth it to pay $350 for an appraisal at hopes it comes back low.
UGH!
Thats using the federal homestead and wild cards. We want to exempt our tax refund. But thats about $5000. Plus exempt our wages. It would be nice to use the wild cards on something else. I'm just afraid that we will pay $350 for an appraisal for it to come back about the same.
There is $17,000 in value more if we file in 2009. I'm trying to figure out the best plan.
We can file this month.(of course time is running out) use state exemptions.
The equity in the house is all exempt but there is no wild card or anything to exempt our tax refund. Or wages.
File this month use federal exemptions, but we would not have enough even with wild cards to exempt the whole equity in the house. Not to mention still losing our tax return and maybe wages?
Wait until next year to file after we have gotten and spent our tax return and file state seeing we have to much equity to file using federal. still would lose wages.
I guess its worth it to pay $350 for an appraisal at hopes it comes back low.
UGH!
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