Real Estate News Flash! FRIDAY | NOVEMBER 16, 2017
BOLDTown News Update!
BOLD Moves Real Estate are your community experts. We are sharing updates which impact your life and lifestyle. We are dedicated to protecting homeowner’s rights. We can help solve this. Take action!
It takes only 2 minutes to submit your letter to your elected officials! This new legislation means $850 less in Mortgage Interest Deduction on an average. The future will become 1.5 TRILLION debt to pass on to our children and grandchildren. Tell your Members of Congress you oppose any tax reform plan that would weaken the tax incentives for owning a home, such as the Mortgage Interest Deduction. It makes no sense to let a tax reform plan increase taxes on homeowners by eliminating the state and local tax deduction. The recently released tax reform framework is promising to lower taxes for the middle class and create economic growth. However, restricting the Mortgage Interest Deduction to just the top 5 percent and repealing the deduction for state and local taxes would eliminate the time-honored tax incentives of owning a home for current and prospective homeowners. It could also lower the value of all homes by more than 10 percent and inhibit growth.