Home » General World News » How Trump’s new tax law affects homeowners in major cities at every income level from $83,000 to $336,000 a year

How Trump’s new tax law affects homeowners in major cities at every income level from $83,000 to $336,000 a year





homeowner

  • President Donald Trump signed the Republican tax bill into law in December 2017.
  • The new tax law changes the mortgage interest and property tax deduction, potentially making homeownership less attractive in the long run.
  • Homeowners in expensive coastal cities will likely see the biggest loss of tax deductions, according to one housing economist’s projections.

President Donald Trump signed the Republican tax bill into law at the end of December.

The new tax law makes sweeping changes to the tax code for businesses and, on average, American taxpayers. It changes a few longstanding tax benefits for homeowners, read more >>>

Source:: BusinessInsider.Com

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