Fewer than 25% of eligible homeowners use the mortgage Interest Tax Deduction nationwide....Does that make the deduction any less important to those of us who use the deduction?

Nope.

Forget the fact that I'm a Realtor. I'm not supporting the deduction because I'm  a Realtor....

I support the deduction because I'm a homeowner.

Many taxpayers choose to avoid "itemizing" their taxes, thereby bypassing the use of the deduction.

There are additional important factors when considering a home purchase...Contact us today for "11 Step Plan to get a Killer Deal on a Kansas City Home!".





KMBC-Kansas real estate agents converged at the Statehouse to lobby lawmakers to preserve two popular income tax breaks for homeowners.
    
The Kansas Association of Realtors had a rally Wednesday on tax issues before sending its members to meet with legislators. At least 200 real estate agents participated.
    
The association is trying to save two state income tax deductions targeted for elimination by Republican Gov. Sam Brownback. One is for the property taxes Kansans pay on their homes and the other is for the interest on their home mortgages.
    
Brownback wants to scrap the deductions as part of his plan to position Kansas to phase out personal income taxes while stabilizing its budget. A Senate committee has endorsed most of Brownback's plan, including an end to the mortgage interest deduction.

Read more: http://www.kmbc.com/news/politics/Real-estate-agents-rally-at-Kan-Statehouse-on-taxes/-/11664068/18532078/-/le6qamz/-/index.html#ixzz2Koc8qXHj


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You want an unfair advantage....should we talk?  

Contact us at 913.712.9204


Another blog post written by: Martin Taggart

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