Mortgage Interest Deduction

The Constitution was amended in 1913 to include the sixteenth amendment, enabling Congress to levy a tax on incomes from any source. Certain tax rules were first put in place that enabled the deduction of expenses, namely interest on debt payments. Herein lies the birth of the present day mortgage interest deduction to the IRS [...]

Fixing to Stay Put

Fixing to Stay Put

Out of economic necessity or personal preference, Americans increasingly choose to stay in their homes for retirement. The neighborhood may be ideal, equipped with public transit, shops, and a stable, congenial population. Relatives may live nearby, including the next generation of grandchildren. A circle of friends may provide an active social life and support system. [...]

Snow Homes

Snow Homes

So the car’s all loaded with that new winter sports equipment Santa brought us, and now we just have to wait for a good snowfall. Or do we? Not with the Massanutten and Wintergreen resorts so close at hand just off the Blue Ridge Parkway we don’t. Massanutten boasts that its 5,200 acres include “1,110 [...]