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Show C " "' " 17 wn n Like a good neighbor, WTiJJV. AuO Opie E0S2DrJE2FS CyQlGM B.0tf State Farm is there. & v ' rin s,ate Fa,m nsu,ance ComPanies SfSj J. Ralph Binnall Insurance, 120 N. 100 E., American Fork 756-3518 o.. News & Ad Deadline Monday 2 --...,,.. , ...J I A'p'ne Financia .: "t I Planners " N. American Fork Jim Weiss 756-9817 Tax Tips Loan fees, commonly called "points", may be deductible as interest by a buyer of a new principal residence when the financing agreement specifies this extra charge is paid for the use of the lender's money. They should be paid by separate check to insure in-sure deductibility. "Points" paid on refinancing your existing residence must be deducted over the life of the mortgage. "Points" which represent charges for services rendered by the lending institution are not deductible as interest. Watch for this if you obtain a new mortgage andor refinance. The child care expense credit allows up to a 30 TAX CREDIT on up to $2,400 of child care costs paid for one qualifying dependent and $4,800 of child care costs for two or more such dependents. We'd be happy to answer your questions about the new tax law and remember that it always pays to prepare your tax return early. Call now for an appointment, 756-9817. |