SOURCE: National Association of Realtors

National Association of Realtors

March 05, 2009 09:27 ET

Taxing Times on Real Estate Today

WASHINGTON, DC--(Marketwire - March 5, 2009) - As consumers across the country prepare their 2008 tax returns, Real Estate Today is preparing to deliver crucial tax information that may affect the bottom lines of all homeowners, buyers and sellers.

"Congress has passed new tax laws that will help many people who may be struggling in these challenging times," said National Association of Realtors® President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. "As the leading advocate for housing issues, NAR wants to make sure that homeowners, buyers and sellers can make full use of the tax advantages available to them."

On this weekend's show, Amy McAnarney, executive director of the Tax Institute at H&R Block, and Kevin McCormally, editorial director at Kiplinger's, will join Real Estate Today host Gil Gross to address and answer listeners' questions and concerns about tax issues related to buying, selling and owning a home in today's economic environment.

Some of the issues they will cover include:

--  How declining home values are affecting local property taxes, and what
    it all means for federal returns,
--  What energy efficient home improvements can reduce homeowners' tax
    bills,
--  Who can take advantage of the temporary $8,000 first-time home buyer
    tax credit and how it will affect buyers' tax returns, and
--  How proposed changes to the mortgage interest deduction may affect
    homeowners, buyers and sellers at all income levels.
    

Real Estate Today, backed by NAR, can be heard online at www.RETRadio.com. The show airs on satellite radio via America's Talk, XM Channel 158, Saturdays, 5-7 p.m. ET; Talk Radio, XM Channel 165, Saturdays, 1-3 p.m. ET; and Stars, Sirius-XM Channel 102, Saturdays, 6-8 a.m. and Sundays, 9-11 a.m. In Washington, D.C., Real Estate Today airs on flagship station 630 WMAL on Sundays, 1-3 p.m. ET.

The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries.

Information about NAR is available at www.REALTOR.org. This and other news releases are posted on the Web site's "News media" section in the NAR Media Center.

REALTOR® is a registered collective membership mark which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. Not all real estate agents are REALTORS®. All REALTORS® are members of NAR.

Contact Information

  • For further information contact:
    Stephanie Singer
    202/383-1050
    Email Contact