Posts Tagged ‘new tax laws’
Final Tax Bill Passes: Effects on Home Ownership
The new tax bill finally passed both house and senate. Here are the ways it will effect homeowners and those planning to purchase homes in the near future: 1. Property tax deductions: If you live in a state with high property taxes, like California, you may be in for a higher tax bill. The deductions…
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New 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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