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How much do you spend on yearly home maintenance? In GOBankingRates’ 2023 real estate survey, nearly 30% of existing homeowners surveyed said they spend between $500 and $2,000 per year. Of the age ranges who respondents, the highest percentage belongs to homeowners ages 65 and over, at 48%.
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It’s OK not to conduct certain types of home maintenance each year, but some types of maintenance and renovations should
The White House is stepping up pressure on lawmakers to renew a section of electronic surveillance law which permits the government to conduct targeted surveillance of foreign persons located outside the US.
The provision, known as section 702 of the Foreign Intelligence Surveillance Act (Fisa), is set to expire at the end of the year. But its renewal is facing pushback from privacy advocates and lawmakers, some citing examples in which law enforcement search requests were misused to conduct illegal surveillance on US citizens.
On Monday, Joe Biden’s administration circulated examples showing the US had used electronic surveillance under section
Rental property owners can typically deduct property taxes, insurance, interest, condo fees, repairs, utilities and other related costs. A rental property can even run at a loss allowing the taxpayer to claim deductions against their other sources of income.
There is a distinction between repairs and renovations for a rental property, Shawn. Repairs are referred to as current expenses, meaning they are deductible in the year incurred. Renovations are capital expenses that cannot be deducted immediately but can reduce your capital gain upon sale.
According to the Canada Revenue Agency:
A current expense is
The Republican Party in Texas has been thrown into a bit of turmoil in recent weeks as the Republican-controlled Legislature took the extraordinary step of impeaching Ken Paxton, the state attorney general, who is also a Republican.
Paxton is now only the third official to ever be impeached in Texas history, and he will soon face trial in the state Senate.
Late last month, lawmakers formally accused him of breaking the law, abusing his office, accepting bribes and obstructing justice, and, as dictated by the state constitution, their subsequent impeachment immediately removed him from office pending the results of the
Some Manitoba seniors who want to age in their homes will now have access to funding to make that possible, the province said Thursday.
The Manitoba government is developing a grant program to support home modifications that will allow them to stay in their own homes longer. Those projects could include installing ramps, widened doorways, curbless showers and improved lighting, Seniors Minister Scott Johnston said at a Thursday news conference.
“We recognize we have an aging society, and therefore these initiatives are there to help,” Johnston said.
The aid will only be available to households with someone over the age