President Donald Trump’s administration is teasing real estate investors with the possibility of significant tax breaks when they buy properties in “distressed economic areas” that have since been labeled as “opportunity zones” by the U.S. Treasure Department. Steve Mnuchin, the Treasury’s Secretary, said the newly designated zones could attract as much as $100 billion in
Renter Tax Deduction What You Need to Know
March 18, 2016 by
According to a 2015 Harvard University study, about 37 percent of the U.S. households are renters. Rep. Alan Grayson from Florida thinks the tax deduction field should be leveled between owners and renters. He has proposed a bill that would allow tax deductions for renters. Of course, the deductions will vary by income levels but as
6 tax deductible tips that’ll save you money on your next home purchase
January 25, 2016 by
Marian Schaffer, principal and founder of Southeast Discovery, which specializes in helping Baby Boomers with their real estate needs, recently shared some tips on how homeowners can negotiate their real estate tax deductions
National Mortgage Complaint Center Issues Warning On U.S. Housing Market
September 1, 2011 by
The National Mortgage Complaint Center, a consumer advocacy group that tracks and responds to complaints in the U.S. residential mortgage market, is warning of further declines in the U.S. housing market. The group is asking the congress to immediately introduce legislation to restore buyer tax credits. But unlike the original buyer tax credit from the
