What It Means For Real Estate

    Share on Google+        
What It Means For Real Estate
Click on the image
Republicans in the U.S. Senate released details of their own plan for tax reform, and they differ from both the current tax system and the House-led tax reform bill in significant ways, especially for real estate. Here are some of the big changes proposed by Senate Republicans in their tax reform bill, according to a summary released by the GOP-led Senate Finance Committee (via news website Axios). The House of Representatives and Senate will now have to reconcile their two differing bills before any tax reform bill can be passed into law. Mortgage interest deduction preserved The Senate plan preserves the current maximum mortgage interest deduction (MID) for new homes at $1 million (this is the amount you pay in interest on your mortgage debt every year, which you can subtract from your taxes). This differs from the House plan, which reduced the maximum MID you may claim for new homes to $500,000, as CNBC reported. The House plan did keep the $1 million MID in place for curr...

About Us
posted-today.org shows the most important world news of the day, under the editorial criteria of their impact on Internet and social networks.
Do you have any suggestion? Contact us.

    Share on Google+        

We might need you!
Investors and business angels continue reading, please: posted-today.org is a very innovative project which has just started. We can steadily grow in visits and content and become leaders of the digital press in an ETA of 10 years. This curve of success could be considerably improved having more resources. If you stand out for your vision of the future, maybe you can help us, or the other way round.
This is not just buzzing words: posted-today.org is an example of what you get when applying state-of-the-art technologies, such as Big Data, Content Curation, Natural Language Processing (NLP), NoSQL, Cloud Computing, ...