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STEVEN SCOTT
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- How the new tax law affects homeowners — it could be more than you think5 Feb 2018—MarketWatchMelissa Moseley/Lions Gate/Courtesy Everett Collection The Tax Cuts and Jobs Act (TCJA) trimmed two important tax breaks for homeowners and left another big one completely untouched. That sounds pretty simple, but it’s a fairly complicated story when you consider real-world situations. So I’ll present the story in two bite-sized installments. Here’s Part 1. New limit on deductions for state and local taxes, including real property taxes Under prior law (before the TCJA), you could claim an...
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