Dec 27, 2012

Housing Tax Reform

Well my friends, it's that time again, time to put away the twinkly lights, Christmas trees and drink up that last bit of eggnog. It is now - Tax Time! And a special treat for you homeowners, Limbo! That's right, I said it! This year we are looking at a complicated situation in the Housing Tax Reform department. The article I just read states the following "Nobody knows what shape tax reform - if it occurs in 2013 - will take: How drastically housing benefits are pared back, how long a transition period is provided, and what other elements in the final deal might serve to cushion the impact on homes, such as by spurring more vigorous economic growth, lower federal deficits and debt." I've linked it for you so you can get all the juicy details for yourself (what little there are). Always be sure to talk with your tax preparer before making any significant changes like buying or selling a home - Enjoy your New Year - may it be safe and prosperous! From our home to yours - The Stephanie Woods Team!

Keller Williams Check Realty
Stephanie Woods Team
3033 Windsong #202
Prescott Valley, AZ 86314
(928) 237-4449

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