Author Archives

• Homeownership Tax Benefits Totaled More Than $100 Billion in 2014

  By David Logan on April 21, 2016 • (0)

  

  Homeowners saw their tax bills trimmed by more than $100 billion in 2014 according to estimates by the Joint Committee on Taxation (JCT) and NAHB analysis.  The mortgage interest deduction (MID) alone accounted for $72.4 billion in tax savings, while the real estate tax deduction (RETX) saved homeowners an additional $30.2 billion.  Rounding out the group of tax advantages is… Read More ›

• State of Federal Government Finances

  By David Logan on April 12, 2016 • (2)

  

  As it does every year, the Congressional Budget Office (CBO) has released an update to its 10-year baseline budget projections published in January. Individuals as well as businesses of all sizes should take note; the picture that CBO paints of the future of federal government finances remains worrisome despite some improvements registered after the end of the Great Recession. Higher… Read More ›

• Property Tax Revenue Grows Nearly Four Percent

  By David Logan on March 31, 2016 • (0)

  

  NAHB analysis of the Census Bureau’s quarterly tax data shows that $519 billion in taxes were paid by property owners over the four quarters ending in Q3 2015. This represents a $19 billion—or 3.9%—increase over the previous trailing four quarters, the largest annual increase since early 2010. Property taxes accounted for 39.1% the largest share, of state and local tax… Read More ›

  Tags: economics, Housing Recovery, property tax, tax