Oct 09, 2018
The 2017 Tax Act made a host of changes that apply to homeowners, with the
primary impact being the loss of formerly available deductions for most clients. This
changes the basic equation for many clients as to whether to buy a home, how much
home they should own, how much to borrow and even whether they’re better off
renting their home to someone else. With respect to home tax benefits, much is
There are several general changes to the law that indirectly impact home ownership,
such as the doubling of the standard deduction (and elimination of many itemized
deductions), which is causing most taxpayers to not have any benefit from
specific deductions for taxes, interest and other items on their personal income tax
returns. The recent tax law changes may also exacerbate any significant downturn in
housing prices, making things worse for homeowners.
Read their commentary here.
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