New Tax Cuts: How they affect you

CNN.com has a great run down of the new (and extended) tax breaks that affect most Americans.  There are not any new tax breaks that relate directly to real estate however, maybe a few of them can help you save to buy that next house!

To mention a few…The current tax rates remain the same as they are today for at least another 24 months.  So no change there.  The Social Security tax break consists of a 2% tax break for wages up to $106,000.  The new rate will be 4.2%, starting in 2011.

Check out this article to read more about the recent tax breaks and how they will affect you and your family.

-Betsy

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