News From Kansas
Timely, relevant and useful information about Kansas and other parts of the country related to real estate, finance and policy issues for homeowners and prospective homeowners.
Attention Kansas Residents!
Tell Kansas Lawmakers to Restore Your Itemized Deductions
Sign the petition calling on Kansas lawmakers to restore the ability to itemize deductions on income taxes and to fight for property taxpayers during next year’s legislative session.
In September the impacts of low inventory continued. The average days on the market were down from 2018. Home sales and sale prices were up compared to September 2018.
Federal tax reform in 2017 doubled the standard deduction, however, the State of Kansas did not. Legislators must act to preserve these incentives.
Because of changes made by Congress to the Federal tax code, many Kansas taxpayers can no longer take the deductions they have received for decades on their state income taxes.
The Kansas mortgage fee is being phased out, thanks to the lobbying efforts of the Kansas Association of REALTORS® and the National Association of REALTORS®.