How the GOP Tax Cut Affects Homeowners

By Lynn Post

Property manager handing over house keys to a new tenanat
"Listen to audio version"
0:32

According to this article in Business Insider, both the House and Senate versions of the GOP tax cut will eliminate one of the biggest tax benefits for homeowners.

Two businessmen hands and the key, paper agreement-1

The GOP is set to eliminate one of the biggest benefits of owning a home

Housing-industry trade organizations immediately condemned House Republicans’ tax bill when it passed in mid-November. Senate Republicans’ version passed over the weekend. Unlike the House’s bill, it doesn’t halve the mortgage interest deduction, but it could still remove tax benefits for homeowners.

Read the article on businessinsider.com >

Next Post

    Latest Posts

    Miniature model of the house, keys, and money on a yellow background, rental property ROI concept.

    What Rental Property ROI Should Owners Expect in 2025?

    Read Full Post
    A woman speaking with a contractor

    Rental Property Upgrades That Keep Tenants Happy and Boost Rent

    Read Full Post
    A woman holding a model of a house

    What Kind of Insurance Coverage is Needed for Rental Properties?

    Read Full Post
    A magnifying glass next to a house

    Property Inspections Guide: Protect Your Investment Long-Term

    Read Full Post

    Subscribe To
    Receive The Latest News

    Similar Posts

    By Lynn Post  |  Nov 15 2017

    New Tax for Airbnb Rentals

    On Monday, the Seattle City Council voted in favor of a per-night tax on short-term rental propertie...

    By Lynn Post  |  Feb 10 2018

    Get Ready for Higher Property Taxes in King County

    The largest property-tax increase in King County in modern history is about to go into effect:

    By Lynn Post  |  Jan 31 2018

    Seattle Extends Streak as Nation's Hottest Housing Market

    It's not surprising that Seattle's housing-market streak continues--now up to 15 months--but housing...