taxes

Guest Post: Essential Tax Tips For Homeowners

Posted on by TMN Editor
By DAVE HEISTEIN Dealing with homeowner tax deductions can seem tough, but it’s key to making the most of your home financially. In this article, we’ll make taxes easier for you to understand. From breaking down various tax deductions to highlighting tax considerations for home improvements, we’re here to simplify these complex topics.  Understanding Homeowner Tax Deductions As a homeowner, you’re entitled to several tax deductions that can help you save money. Let’s break down five key tax deductions. Mortgage interest deduction: This allows you to deduct the interest paid on mortgage debt up to $750,000 ($375,000 if filing separately). To claim this, you need to itemize your deductions on Schedule A (Form 1040). It’s important to compare your itemized…

A New Gold Rush For Lenders? Benefitting From The Great Resignation

Posted on by TMN Editor
By KIMBERLEY HAAS As the COVID-19 pandemic continues and workers reevaluate their commitment to metropolitan life, lenders in smaller cities stand to benefit from what is being termed the “Great Resignation.” It is estimated that about 4.4 million Americans quit their jobs in September after months of dramatic departure numbers, which means those employees are looking for and taking new jobs, often choosing to live in a different location if they have the option of working remotely. Since 87% of employees say they would like to work remotely at least one day a week, and one in three workers would not want to work for an employer that required them to be onsite full time, potential homebuyers are taking these…