Tag Archives: Helping Our Middle-Income Earners (HOME) Act

Federal – HOME Act Introduced to Allow Tax Deduction for Certain Assessment

Helping Our Middle-Income Earners (HOME) Act

Yesterday, two members of the U.S. Representatives from California, Rep. Anna Eshoo and Rep. Mike Thompson introduced the Helping Our Middle-Income Earners (HOME) Act.  If passed, the HOME Act would allow certain homeowners to deduct up to $5,000 in qualified homeowners association assessments from their federal tax liability.

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