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How the Tax-Cut Bills Could Affect Homeownership

Wednesday, December 13, 2017   (0 Comments)
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If you’re living in a high-tax area, the Senate and House bills hit you in several ways. Both limit the deduction of state and local taxes to $10,000 in property taxes. (There’s talk of letting taxpayers have the choice of applying that $10,000 exclusion to either income or property taxes.) If you itemize, as 30 percent of Americans do, you could lose a significant portion of your deductions. [more]


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