January 2018

Found 2 blog entries for January 2018.

Many are wondering how this new law will affect the housing market. For the most part, the latest tax reform will boost the average paycheck and do little to harm the housing market. Tax policy changes, even when directly tied to housing costs, affect demand for housing primarily through disposable income channels. The Tax Cuts and Jobs Act is likely to increase disposable income for the majority of U.S. taxpayers, including many taxpayers affected by the reduction in state and local tax deductibility. The U.S. Treasury estimates about 90% of people will see more take-home pay because of the tax reform, starting as soon as February. 

At the top of the changes in the new tax law is the limiting of the mortgage interest deduction. Previously, a

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