Happy Friday, y’all. IF YOU ARE A REALTOR AND/OR A HOMEOWNER, THIS IS A MUST READ!!!!
As a homeowner and active practicing Realtor myself, I feel that this new Tax Reform ACT is in need of a reform itself. If you are a homeowner yourself, especially if you are in the state of #California, #NewYork, #NewJersey – THIS WILL HAVE THE HIGHEST IMPACT ON YOU!
Here is a Quick and Dirty Summary of the direct IMPACTS on homeowners. I am taking the liberty to copy and share this summary from a Realtor friend, a C.A.R., N.A.R and AREAA leader who cares and just as passionate about all issues that effect homeowners through out the US.
1. Mortgage Interest Deduction capped at $500,000
2. State and Local Tax Deduction eliminated
3. Property tax deduction capped at $10,000
4. Property tax deduction 2nd homes eliminated
5. HELOC Interest Deduction eliminated
6. capital gains tax exemption of $250,000 individual $500,000 couple will require living in property for 5 of 8 years. Current requirement is 2 of 5 years
Now, do I have your attention?!? I have already done my Call for Action via the National Association of Realtors. It is very quick and easy. You can too…
Click on the short URL: http://bit.ly/2yzLuaA
This will take you directly to a page where you can quickly fill in your info, it will send an email to your Congress Member representing your District.
Of everything you read and post on FB today. This one is worth your 2 min of time. Most of us are the middle class who will be directly impacted by this Tax Reform… There is a chance that it will pass before Thanksgivings, so Timing is Everything…
Thanks for reading. Please SHARE, and take action!!!
#TaxReform #CallforAction #Realtor #NAR #CAR #Homeowner #California
Read more here:
https://www.nar.realtor/tax-reform
http://www.cnn.com/…/politi…/tax-plan-republicans/index.html
Real Estate, etc. 