Tax Measure Could Alleviate Homeowners’ Double Taxation Frustration
Homeowners can be optimistic about taxes, thanks to a measure that would create a new deduction. U.S. Representatives Anna G. Eshoo (D-CA) and Mike Thompson (D-CA) have introduced a measure that would allow homeowners in community associations who earn $115,000 or less in annual income to deduct up to $5,000 of their community association fees and assessments from their federal tax liability.
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