What was accomplished? DCAR’s advocacy efforts continue to make waves in DC’s government and real estate community! DC Councilmembers David Grosso, Anita Bonds and Jack Evans have re-introduced the “First-Time Homebuyer Tax Benefit Amendment Act of 2015 (Yvette Alexander and Charles Allen co-sponsored),” which would cut the recordation tax rate from 1.45% to 0.725% for… Read more »
Posts Tagged: Taxes
Living in DC and Earning Less Than 500K? You’ll Pay Less in Taxes
The District’s Fiscal Year 2016 Budget recently passed with the Council accelerating the Tax Revision Commission’s recommendations to lower taxes in September 2015. Okay, that’s not the most exciting news in the world, but this could be a big deal for DC residents. What’s the big deal? If a DC taxpayer earn less than $500K,… Read more »