As reported by Bloomberg.
You can save a lot of money—if you act quickly.
At the end of every year, millions of Americans can make strategic moves to shave a few bucks off their April tax bill. Right now, millions more should be able to get into the act, with Congressional Republicans poised to pass a 503-page law that fundamentally restructures the U.S. tax code.
As reported on Pardon Me for Asking, Red rose will be the new Home For Dumonet. Go to
Pardon Me for Asking to read the full article.
Republicans’ tax bill is set to disproportionately affect homeowners in affluent parts of the US.
Wealthier households are more likely to take advantage of key tax breaks that could be downsized, including the mortgage interest deduction and the state and local tax, or SALT, deduction.
Though this could weaken buying activity and prices, the high end of the housing market is also the smallest by share.
Most states that would be most affected also happen to be blue states. They include New York, California, Connecticut, and Hawaii.
Read the full article at the Business Insider.
The New York Times has written a great article on our new ferry system and what it has done for the waterfront. Go to the above link to enjoy this article.
The Harvard Joint Center for Housing Studies have published housing prices across the US and how they have changed from 2000. Click on the above link to see this data study for yourself.
See what could happen next under the Trump administration as reported by Crains.
As part of a national tax overhaul Congress is planning to curtail the ability to deduct mortgage interest and state and local taxes from federal taxable income. e Senate proposal would eliminate so-called SALT deductions entirely but leave mortgage interest alone. The House version permits up to $10,000 in property-tax deductions but allows interest only on the first $500,000 of new mortgages to be deducted, down from $1 million today. The pain would be greatest in places like New York City, where homes are expensive and income taxes are high. Mayor Bill de Blasio has noted that 617,000 city homeowners save $2 billion by writing off state and local income and property taxes. more “What Trump’s tax plan could mean for NYC renters”