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'It's been insane here': People are lining up in droves to prepay property...
Republicans' tax overhaul, which President Donald Trump signed into law last week, caps state and local tax deductions at $10,000. Ahead of the change, which takes effect Monday, taxpayers can prepay...
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Andrew Cuomo is waging an all-out assault on the GOP tax law
New York Gov. Andrew Cuomo said on Thursday that he is considering challenging the constitutionality of the GOP tax law in court. He's also taking action to help New Yorkers circumvent a new cap on...
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The IRS warns homeowners that prepaying property taxes this year could be a...
The IRS clarified on Wednesday who is allowed to prepay their property taxes this year before the new GOP tax law takes effect Monday. Only homeowners with property taxes that have already been...
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People in Washington, DC, rushed to prepay $50 million in taxes to dodge the...
The new Republican tax law limits the amount of state and local taxes a filer can deduct from their federal tax bill.The law also allowed people to prepay their 2018 property taxes before the end of...
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Residents' property taxes in rural Nebraska could go up by thousands of...
Gage County, Nebraska will soon have to pay a total of $28 million to six people who were wrongly accused of murdering a local woman in 1985.The county has been fighting the civil judgment, but last...
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The Trump Organization reportedly bribed New York City tax officials to pay...
The Trump Organization bribed New York City tax officials to lower its property tax for multiple buildings in Manhattan, ProPublica reported in a bombshell investigation.Two former tax assessors told...
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I pay about $13,000 a year in property tax and insurance, and I've found a...
Some mortgage lenders include property taxes and homeowners insurance payments in the monthly mortgage payment. Others allow you to handle these on your own.Because property taxes and insurance can be...
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How to calculate your property taxes
Buying a home means a lot of new expenses, including homeowner's insurance and higher utility bills.Even if you're prepared for those costs, knowing how to calculate property tax is important because...
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When I bought a new house, I didn't anticipate the biggest change to my...
My wife and I moved from California to New York in 2016 and bought a new house. I expected my property taxes to go up by a few thousand dollars, but I was in for a surprise.After we tore down and...
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11 questions to ask your lender when deferring mortgage payments during the...
Asking your lender about the mortgage deferral process can help you understand what you're getting into — and maybe even decide whether you want to enroll.You should ask about the basics, including the...
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What is a mortgage? It's a loan for buying a home that you repay in monthly...
Summary List Placement A mortgage is a type of loan for buying a home; a company lends you money, and you pay back the lender in monthly installments for a predetermined amount of time.A conventional...
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Considering buying a second home? Here's what it could mean for your taxes
Summary List Placement If you're considering buying a second home, there are a few pros and cons to weigh when it comes to your taxes. Homeowners can deduct up to $10,000 total of property taxes per...
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San Francisco votes to raise surcharges on taxes for CEOs, big businesses,...
Summary List PlacementSAN FRANCISCO (AP) — In an effort to address economic disparity laid bare by the coronavirus pandemic, San Francisco voters overwhelmingly approved several tax measures targeting...
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I thought I was well-prepared for homeownership, but I never saw 2 costly...
Summary List PlacementBefore my husband and I bought our first home, we saved a down payment, kept our credit scores up, and monitored our debt-to-income ratio. Turns out, that was the easy part.Once...
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A mortgage principal is the amount you borrow to buy your home, and you'll...
Summary List PlacementTable of Contents: Masthead StickyWhat is a mortgage principal?Your mortgage principal is the amount you borrow from a lender to buy your home. If your lender gives you $250,000,...
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An escrow account holds money toward your down payment or homeowner expenses,...
Summary List PlacementEscrow is an arrangement of a third party holding money in an account.When you make an offer on a home, you'll hold a "good faith deposit" toward your down payment in an escrow...
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New York prosecutors subpoenaed a property tax agency as part of a criminal...
Summary List PlacementThe Manhattan District Attorney's office subpoenaed a property tax agency as part of a criminal investigation into former President Donald Trump's business dealings, Reuters...
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The 10 states where residents pay the least in property taxes — and how much...
Summary List PlacementWhen Steven John, a writer, moved from Los Angeles County to a suburb of New York City in 2016, he didn't expect his property taxes to skyrocket. But after a reassessment of the...
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Homeowners in richer neighborhoods are being taxed at roughly half the rate...
Summary List PlacementA new study found that if you own a house in a lower-income neighborhood in the US, you're typically being effectively taxed around twice as much as a homeowner in a wealthier...
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The 11 worst cities for homeowners after the GOP tax bill goes into effect
Republicans have reached a preliminary agreement on their tax bill, meaning the US tax code could soon be overhauled. The tax bill would limit the property tax deduction to $10,000 a year; currently,...
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