speaking of rental relief. Things are changing so quickly.
I forgot that many of the moratorium rules expire soon 5/15 including the moratorium on evictions. I suspect some will get suspended but at the same time here’s an interesting idea being floated…
It’s actually not a bad idea. Rental loss income tax credit for landlords due to covid. The tax credit could be used to offset income elsewhere and could be sold immediately for cash. Also, discounts for property tax and income tax early payments since the state is bleeding on cash…
In this case , folks eith streams of income could for instance use the loss of rent income as an offset for example on W2 income from a job. The caveat though is it still wouldn’t do you good on federal taxes. interesting though. The good part would be it does require both tenant and landlord to prove economic hardship to qualify. But even so, looks like the state might be paying small time landlords
to stop the evictions and allow people to stay in return for a lot of state funded financial benefits….Awesome!
I can’t believe some of the moratoriums already start to expire soon… time passes so fast
.No worries piggs. It’s someone else’s problem.thst will be paying….
