Loading...
You are here:  Home  >  'tax'
Latest

Tax bill negotiators agree to reduce mortgage interest deduction

Posted by   /  December 13, 2017  /  Real Estate  /  No Comments

Axios House and Senate negotiators have agreed to scale back the mortgage interest deduction in the latest version of the GOP tax bill, two congressional aides told AP. The move means homeowners will now be able to deduct interest on the first $750,000 of a new mortgage, down from the current limit of $1 million. The details: The […]

Read More →
Latest

Tax plan crowns a big winner: Trump’s industry

Posted by   /  December 7, 2017  /  Real Estate  /  No Comments

By Patricia Cohen and Jesse Drucker | CNBC After a frenzy of congressional action to rewrite the tax code, salesclerks and chief executives are calculating their gains. Business was treated with the everyone’s-a-winner approach that ensures no summer camper goes home without a trophy. Some got special prizes. Cruise lines, craft beer and wine producers (even foreign […]

Read More →
Latest

The GOP tax plans, side by side

Posted by   /  December 6, 2017  /  Government and Politics  /  No Comments

Related: ‘Holy crap’: Experts find tax plan riddled with glitches =

Read More →
Latest

1 month left to sell before possible tax hike; Rose Law Group Partner and Director of the Transactional Department, Cameron Carter, weighs in

Posted by   /  December 1, 2017  /  Real Estate  /  No Comments

RealtorMag Some home sellers would need a sale contract inked before the end of 2017 in order to avoid a big tax bill that would be imposed if the GOP tax reform proposals become law. Both the House and Senate bills would require sellers to have lived in their residence for a longer period of […]

Read More →
Latest

Pollack: Economy lookin’ good

Posted by   /  November 21, 2017  /  Economy  /  No Comments

ELLIOTT D. POLLACK & Company FOR IMMEDIATE RELEASE November 20th, 2017 The Monday Morning Quarterback A quick analysis of important economic data released over the last week The headline news this week was that the proposed Trump tax package passed the House. The big challenge, though, will be in the Senate.  In the Senate, the […]

Read More →
Latest

Mortgage rates drop following GOP tax bill

Posted by   /  November 10, 2017  /  Government and Politics, Real Estate  /  No Comments

Zillow via Builder The prime 30-year fixed mortgage rate quoted on Zillow dropped eight basis points over the past week, following House Republicans’ release of the tax reform bill. The 3.73% average is the lowest level reached since the end of September, according to Zillow data. Zillow reports: Of particular relevance to the mortgage market […]

Read More →
Latest

Tax change on mortgages could shake up the housing market

Posted by   /  November 3, 2017  /  Real Estate  /  No Comments

By Conor Dougherty | The New York Times The Republican tax plan unveiled on Thursday takes aim at the most sacred of cows: the provision that subsidizes homeownership by allowing the deduction of interest on mortgage debt. For most of America, the impact would be minimal. The proposed bill would make the deduction available on […]

Read More →
Latest

Builders blast tax proposal; Realtors not smiling either

Posted by   /  November 3, 2017  /  Real Estate  /  No Comments

By Jann Swanson | Mortgage News Daily Congressional leadership and the Trump Administration stand accused of “abandoning middle-class taxpayers in favor of high-income Americans and wealthy corporations’ by the National Association of Home Builders (NAHB). The remark came in a statement from NAHB Chairman Granger MacDonald regarding Thursday’s release of the framework for the long anticipated […]

Read More →
Latest

Nominal, politically driven tax breaks on the way

Posted by   /  October 19, 2017  /  Economy, Government and Politics  /  No Comments

By Howard Fischer | Capitol Media Services via Arizona Capitol Times Arizonans are in line for an income tax cut when they file their returns next April. But don’t go planning that trip to Europe — or even Los Angeles — just yet. A new law is boosting the standard exemption on state tax forms. […]

Read More →
Latest

Sales tax to acquire open space in Flagstaff proposed

Posted by   /  July 24, 2017  /  Government and Politics  /  No Comments

By Corina Vanek | Arizona Daily Sun Flagstaff voters may have the chance to weigh in on a new sales tax that would be used to fund parks and open space projects in November 2018. A group of citizens, calling themselves the “Yes on Parks” committee have proposed a one-eighth-cent sales tax, from which revenues […]

Read More →