Dawn (253) 307-6438
Brandon (253) 732-0778
The New Tax Plan and how it affects YOU! Part 1
The New Tax Plan and how it affects YOU! Part 1
How does the new Tax Cuts and Jobs Act of 2017 impact buyers, investors and homeowners? This summary should help you understand the overall pros and cons. Below is a recap of the winners and losers with this new plan.
The winner is….
* Existing Home Owners
* Middle class homeowners, buyers and sellers
* First Time Home Buyers
* Real Estate Investors who have a positive cash flow
The losers are…
* Home Owners who wish to take out a home equity line
* Upper Class and Luxury Buyers
* Renters
People are generally still a little confused as to how the new tax plan will affect them. Remember, this is just an overview, if you have specific tax questions you should always ask your tax professional.
We will go into greater detail in the series that follows in our next blog.
The Heilbrun Team at John L. Scott, Orting, is here for you for all your real estate needs in Pierce and King County!
Dawn Heilbrun, Owner
253-307-6438
The Heilbrun Home Team
John L. Scott, Orting
www.dawnh.johnlscott.com
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