Redfin’s latest analysis reveals the states where homeowners will benefit most from the new state and local tax (SALT) cap, which Congress raised from $10,000 to $40,000. Continue reading
Housing trade groups — including NAR, MBA and NAHB — like tax breaks for homebuyers and businesses, and urge lawmakers to put the bill on Trump’s desk Continue reading
The sweeping bill was passed in the House on Thursday and now heads to the Senate for consideration. Industry players were pleased by some of the bill’s business-friendly tax provisions and other measures that may aid in homebuyer affordability. Continue reading
Congress could repeal the current cap on state and local tax deductions, a move that the Committee for a Responsible Federal Budget said would benefit wealthy homeowners rather than the typical middle-income family. Continue reading