Tax

Wall Street has cheered President-elect Trump's selection of Scott Bessent to lead the Treasury because of his moderating influence and expertise, but his profile as an establishment figure in an anti-establishment administration could undermine his authority.

Tuesday's declines lifted yields by one to four basis points across maturities after Trump said he'd impose additional 10% tariffs on goods from China and 25% tariffs on all products from Mexico and Canada.

Homeowners across the nation could realize savings from as little as $20 per year to having their bill wiped out entirely.

The deal announced on Wednesday seeks to stabilize Boston's tax system, which relies heavily on commercial property revenue and has been thrown off balance by the slump in office demand. 

The pace of growth is more than double the recent historical average, adding further affordability hurdles for some homeowners.

The Section 121 exclusion and the step-up in basis are well known to financial advisors and tax professionals, but their clients will need to plan carefully to net the biggest potential savings.

Unusual spikes in property taxes and insurance in many areas are causing servicing concerns that mortgage companies may not be used to managing.

Because of rising home values, more transactions have proceeds over the federal tax exemption, especially in California, a CoreLogic study found.

The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.

The Supreme Court ruling on tax foreclosures could improve servicer recoveries but it's also giving some jurisdictions pause as they look at how to interpret it.