tax credit Archives | Garden State Home Loans

What is Modified Adjusted Gross Income?

Modified Adjusted Gross Income What is Modified Adjusted Gross Income? Modified adjusted gross income (MAGI) is used to determine whether... read more →

December 8, 2017

Tax Credits vs. Tax Deductions

Tax credits and tax deductions can help to reduce your overall income tax liability. The basic difference between a credit... read more →

October 4, 2017

What is the First-Time Homebuyer Tax Credit?

The first-time homebuyer tax credit is a special tax credit program meant for a specific group of homebuyers: those who... read more →

September 25, 2017

FHA Loan Tax Credits: An Overview

What is a ‘Tax Credit’? A tax credit is an amount of money taxpayers can subtract from their taxes owed... read more →

September 22, 2017

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