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Tax Deductions

Politics
Murphy: Tax Reform Will Have 'Drastic' Effect On Many In Fairfield County Murphy: Tax Reform Will Have 'Drastic' Effect On Many In Fairfield County
Murphy: Tax Reform Will Have 'Drastic' Effect On Many In Fairfield County FAIRFIELD, Conn. — U.S. Sen. Chris Murphy met with real estate agents and homeowners in Fairfield on Friday, telling them the new federal tax law will have a “drastic” effect on Connecticut, particularly in Fairfield County. Amid warnings from economists that the law will limit mortgage and property tax deductions and cause home values to drop, Murphy said he wanted to hear from those who know the state’s real estate market best. “It’s a tax increase for tens of thousands” of working people across Connecticut, said Murphy, who spoke with constituents at the offices of the Berkshire Hathawa…

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by Meredith Guinness