U.S. Representative Darin LaHood introduced a bill that could fundamentally change how U.S. citizens living overseas are taxed. The proposal seeks to shift from the current citizenship-based taxation system to one based on residency. This would mean that Americans residing abroad would no longer be taxed on their foreign-source income by the U.S. government, provided they meet certain conditions. Read...
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Rising Home Prices Amidst Economic Shifts In December 2024, home prices in 20 major U.S. cities experienced a 4.4% increase, aligning with pre-pandemic growth patterns. This steady rise reflects a market adjusting to previous rapid escalations driven by ultralow mortgage rates and a housing boom post-pandemic. While early 2023 saw a brief correction due to increasing mortgage rates, a constrained housing...
Selling your home in California can be a long-winded and frustrating process. If you go down the traditional route, you have a lot to do, from redecorating and repairs to listing your home, hosting viewings, negotiating with potential buyers, and waiting on mortgage approvals. This can take a lot of time, and many people want to sell much faster. This is where selling to a cash buyer can help. Finding a...
Housing remains one of the most important issues on the minds of millions of Americans. For many, the dream of owning—or even renting—a home is in peril. In some cities, "starter" homes are selling for over $1 million, while nearly half of renters spend more than 30% of their income on housing. Ben Keys, an economist with the University of Pennsylvania’s Wharton School, characterizes the current...