Last-Minute Tax Breaks For Homebuyers You're In Danger Of Missing
No one wants to talk tax when holiday festivities are in full swing. After all, this year’s taxes won’t matter until next April. Right? Well, maybe for some people, but if you’re serious about buying or selling that home in Washington, DC, or San Francisco, CA, you may want to take a moment to step away from the eggnog and tune in to the tax breaks you could take advantage of before the end of the year.
Each year, many tax breaks for homeowners (both buyers and sellers) are set to expire. Congress must pass extensions for certain credits to stay available into the following years. And at this point, it looks as if many breaks for homeowners could be reaching an end.
If you own a home — or are looking to buy a home — you may need to act now. It could be your last chance to claim qualifying deductions and write-offs. Here’s what could go away once 2017 rolls around.
Request Merrick Manor Unit Information
Mediterranean Style Residences in the Heart of Coral Gables.
Cooling residential market or not, South Florida is riding a now years-long trend of falling foreclosures rates.
A newly released report shows that November marked yet another month of evaporating foreclosure activity in the region, bringing down South Florida’s rank to 10th in the nation among major metropolitan areas.
The report, compiled by real estate research company ATTOM Data Solutions, said one of every 786 housing units in South Florida was in some stage of foreclosure last month. While that rate is still relatively high, it’s fallen nearly 18 percent compared to the November 2015.
Of South Florida’s three counties, Miami-Dade had the largest share of distressed properties with 1,479 homes in the foreclosure pipeline last month. Broward came in second with 1,012 housing units, followed by Palm Beach with 657.
South Florida’s foreclosure rate dives again
in November: report
4th Annual 2016 Miami International
Children's Film Festival!
The Coral Gables Art Cinema & the New York International Children’s Film Festival is proud to present the 4th Annual 2016 Miami International Children's Film Festival! View the full 2016 MICFF event calendar below and our film line-up page here.
$60 All-Access Pass is good for 2 entries into EVERY film and includes the Opening Day party.
Single admission tickets $7 adults / $5 kids for purchase on film pages