How Homebuyers Can Prepare For the Potential American Tax Bill

If you’re looking to buy a home, your ears might have perked up when you heard that the Senate passed a new tax bill during the weekend. Even though the details of the bill are not finalized (there is still a House version and a Senate version), the news is filled with talk of how this tax overhaul might affect homeowners. Though nothing is finalized or signed into law yet, there are some moves all homeowners and homebuyers should consider making right now.

Certain moves taken in the waning days of 2017—like making early mortgage and property tax payments—can help homeowners with this year’s deductions while preparing them for potential changes in years ahead. Don’t miss out on your chance to get yourself in the best situation possible, no matter what the future might hold.

Article source: https://www.trulia.com/blog/dont-miss-last-minute-tax-breaks-buyers-sellers/

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