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Changes in tax law may prompt homeowners to move to other states

Source: Kenneth Harney, Washington Post (Paid Registration)

Whether you already own a home or are thinking of purchasing, the tax legislation pending before Congress poses serious questions: Am I going to get smacked with punitive new taxes? Will the value of my home decrease because previous real estate tax benefits have been stripped away? Or am I one of the lucky ones, well insulated against big losses?

A large number of people who expect to purchase within the coming 12 months say they would consider moving to a different state if Congress eliminates state and local tax deductions deductions.

Read Full Article: Changes in tax law may prompt homeowners to move to other states

 
 
 

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