Where — and for whom — Trump’s higher SALT deduction cap has the most impact
Capping the SALT deduction effectively raises people’s taxes, but it doesn’t impact every taxpayer equally.
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What’s the best strategy for seniors to take required minimum distributions?
Derek Horstmeyer, a finance professor at George Mason University, gamed out three different but common strategies on RMDs in a column published by The Wall Street Journal.
One ‘Big Beautiful’ win: House advances budget bill for Trump’s signature
The House of Representatives on Thursday voted to advance the budget conciliation bill by a razor-thin margin, echoing the 50-50 tie in the Senate that required Vice President JD Vance’s vote in order to advance the legislation.
What’s in Trump’s ‘Big Beautiful Bill’ for seniors?
The 1,116-page Senate bill contains some key changes for older Americans, including a bonus tax deduction. But it also cuts Medicaid.
IRS stipulation could have consequences for seniors in a declining stock market
Required minimum distributions are taxed as income and “can be painful when retirees have to sell assets in a falling market.”
Seattle housing market wrestles with crippling affordability concerns
Seattle is wrestling with a problem that is more acute than all but a handful of metropolitan areas — crippling affordability issues.
NAR: Americans want a tax plan that supports the American dream
NAR’s poll shows that 67% of voters support doubling the capital gains exemption on the sale of a primary residence and a robust tax plan.
MBA and NHC express support for housing provisions in GOP tax bill
MBA and NHC found much to support in the draft of the GOP tax bill, but they also noted areas for improvement as the debate continues.
House bill calls for bigger SALT tax breaks
The new SALT provision would raise the cap to $30,000 for those with a modified adjusted gross income of $400,000 or less, up from the current $10,000 limit.
Closing costs for the typical home purchase now top $4,600
Closing costs ranged widely across the country, from as low as 0.46% of a home’s sale price in South Dakota to as high as 2.99% in Delaware.