Tax Breaks for Homeowners
- Topics:
- Tax Incentives
- Tags:
- Chet Boddy,
- Finance,
- Financial Planning,
- Free Trade,
- Homeowner,
- Tax Break,
- Taxes
- Source:
- Chet Boddy
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Overview: It’s no surprise that 67 percent of all households in the United States now own the homes they occupy. Subsidies and tax breaks for homeowners have become an American tradition and a political sacred cow that few politicians would dare challenge. But more important, federal policy makers realized some time ago that home ownership helps provide the foundation of social, economic and political stability necessary for a free society to function. There are six categories of tax breaks, listed in descending order from the biggest breaks to the smallest. All these have been discussed in brief in the article. For most people, their home is their largest lifetime investment. Thus, homeowners have a strong incentive to seek gainful employment, maintain their property and participate in community affairs.
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Format: HTML | Date: Jan 2003 | Pages: 1
