real estate tax
Real Estate Benefits from New Tax Laws
Many people think that real estate suffered with the recent tax changes – most notably the elimination of moving expense deductions, the reduction in the mortgage interest deduction ability, the $10,000 state and local tax cap on deductions…all of these will make it harder for some property owners. But the good news is that there…
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Possible End to Housing Shortage in CA?
There is a new voter measure that could put an end to the housing shortage in California if placed on the November voting ballot and passed. The proposition would allow homeowners 55 and older to reap tax benefits upon selling their homes by eliminating the “disincentive” to sell, and making it possible to move to…
Read MoreNew Tax Plan Will Affect Home Sellers Living in Homes Under 5 Years
If you are a future home seller the new tax plan will affect your taxes, so pay attention. Both the House and Senate bills plan to extend the tax benefit that home sellers receive, and this can hurt your bottom line. The current law allows home owners a tax break upon resale of their property…
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