3/5/2018 Group Watch: Bill to Help Homebuyers Moves Forward
A bill that would provide tax deductions — up to $6,000 for an individual and $12,000 per couple annually for five years — was reported favorably by the Senate Committee on Finance and Taxation Education last week. The deduction only applies to money saved in an account to purchase either a first home or a “second-chance” home (meaning a home has not been purchased or owned in the previous five years).
