Sentences with phrase «for wealthy homeowners»

The IRS has increased the maximum adjusted gross income that filers can have for 2017 and still fully itemize deductions — good news for wealthy homeowners who want to claim things like the mortgage - interest tax break.

It retains a more generous deduction for state and local taxes, and limits the mortgage interest deduction slightly for wealthy homeowners.

Not exact matches

In April, the administration released its tax proposal, and while it indicated that it would «protect the homeownership and charitable gift tax deductions,» the proposal sought to double the standard deduction, which would effectively mute the mortgage deduction benefit for many American homeowners — except the wealthiest.

Ron Deutsch, who leads the labor - backed New Yorkers for Fiscal Fairness, said the plan would exacerbate inequality because wealthy homeowners in wealthy areas would get more relief and be better able to meet the demands of the cap.

Johnson also expressed support for reforms of the overall property tax system that favors homeowners in wealthier and whiter parts of the city, which is one of the complaints of a coalition suing the city on this matter, Tax Equity Now.

This finding suggests that features such as parks and communal landscaping that are characteristic of wealthier neighborhoods as well as lush landscaping choices of neighbors can compensate for local choices of homeowners.

Although the concept of homeowners insurance grew out of the Great Fire of London in 1666, coverage was generally limited to fire damage and was pretty much a luxury item for a wealthy few.

There are studies around that find homeowners on average substantially more wealthy than people who keep living in rental appartments (I'm mostly talking Germany, were renting is normal and does not imply poverty - but similar findings have also been described for the US) even though someone who'd take the additional money the homeowner put into their home over the rent and invested in other ways would have yielded more value than the home.

The wealthier homeowner paid cash for a new house in another political jurisdiction.

«The market for homes under $ 1 - million has become «red hot,» agents say, and that's at least partly because new rules brought in by Ottawa last year make it impossible to get a loan backed by mortgage - default insurance if the property is valued in the seven figures... The result: Bids for $ 999,999, or close to it, are increasingly common as even some wealthy would - be homeowners struggle to secure the necessary financing under new government rules.»

«The home mortgage interest deduction,» the authors write, «is a particularly poor instrument for encouraging homeownership since it is targeted at the wealthy, who are almost always homeowners.»

Advocacy groups said Friday that Texas is poised to unfairly distribute billions in federal funding provided for housing repairs following Hurricane Harvey's devastation — prioritizing wealthy homeowners over poorer victims in ways that could constitute racial discrimination.

Advocacy groups said Friday that Texas is poised to unfairly distribute billions in federal funding provided for housing repairs following Hurricane Harvey's devastation — prioritizing wealthy homeowners over poorer victims in ways that could constitute...

This is an issue that could be addressed at a federal level as well: if the government can fund «flood insurance» that in so many instances subsidizes homeowners in wealthy communities who insist on building and living in places that are dangerous and inappropriate, why can't we establish something similar for low income families who want to take animals into their lives?

Wealthy homeowners, for instance, may be able to use political pressure to secure more wildfire - fighting resources for their own benefit at the expense of protecting valuable assets elsewhere.

One of the biggest reasons that rooftop solar panels have become much more than green status symbols for wealthy customers is net metering, a policy which allows solar panel - owning homeowners to see their electric meters spin backwards — and their utility bills shrink — as they generate their own electricity.

Barry says that while homeowners insurance liability limits typically start at $ 100,000, many homeowners feel more comfortable with $ 300,000 in liability coverage these days, and wealthy individuals often opt for even more under an umbrella policy.

Although the concept of homeowners insurance grew out of the Great Fire of London in 1666, coverage was generally limited to fire damage and was pretty much a luxury item for a wealthy few.

With the exception of people wealthy enough to cover themselves for any loss (and even those folks can benefit from coverage), homeowners insurance is a foregone conclusion for property owners.

High lending standards that make it hard for millions of younger, single home buyers to get a mortgage are creating an older, more married and wealthier population of homeowners.