new hampshire home equity loan
KENNETH HARNEY: Mortgage tax breaks are big relief for owners
Federal tax benefits for home ownership are among the heftiest and most popular of any in the Internal Revenue Code: an estimated $81 billion for mortgage interest write-offs, $15 billion for local real estate taxes and another $24 billion for capital gains exclusions this year alone, according to the congressional Joint Committee on Taxation.
But who really gets these goodies?
New research offers intriguing insights into where the billions of dollars in annual mortgage interest and real estate tax deductions flow, state by state, congressional district by congressional district. The research was conducted by the National Association of Home Builders, using the latest IRS data available -- tax year 2003.
Among the eye-opening findings:
Homeowners in a single congressional district in California -- the 14th District in Silicon Valley -- took more in mortgage interest write-offs than all the residents of six states combined.
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Two Women Arrested In Connetion Wth Dover Homicide
Police arrested two women on Tuesday in connection with the shooting death of a Dover woman.
Officers found the body of Lauralee Perkins, 36, early Tuesday morning after responding for a report of gunshots being fired.
A woman who lived with Perkins, Heather Stone, 35, is charged with second-degree homicide and an alternate charge of recklessly causing Perkins' death.
"This is something that occurred between people that apparently had some kind of relationship," said New Hampshire Assistant Attorney General Peter Odom.
Odom released few other details about how the shooting unfolded.
Crime scene investigators remained on the scene at 155 Silver St. late Tuesday night.
Officers focused on a first floor apartment where Odom said Perkins and Stone lived together.