Take Action to Prevent a Hidden Income Tax Increase! TAXES ARE ABOUT TO GO UP FOR HUNDREDS OF THOUSANDS OF KANSAS HOMEOWNERS.
Why? Because when Congress reformed Federal taxes in 2017, they inadvertently changed state taxes in Kansas, too — and the Kansas Legislature needs to fix it.
Congress doubled the standard deduction for Federal Income Taxes. But Kansas requires taxpayers who take the federal standard deduction to also take the state standard deduction. That means that anyone who takes the new, larger federal standard deduction can’t claim charitable, medical, mortgage interest or property tax deductions on their state income taxes. For homeowners, that can mean paying more state income taxes.
It’s time for REALTORS to take a stand. Kansas should restore the ability of Kansas income tax filers to take advantage of Kansas itemized deductions regardless of whether they itemize or take the standard deduction on their federal filing.
Contact your legislators today! Tell them they need to remove the federal itemization requirement and prevent this hidden income tax increase.
Click on the link below to participate in this KAR Call to Action
When Congress is considering legislation that affects the real estate industry, NAR calls on all of its members to act. Simply by contacting your Member of Congress through e-mail or a phone call, you can ensure that your business remains strong.
The SEKAR, KAR and all NAR members join together and speak with one loud, powerful voice.
There are three ways to stay informed and respond:
1. Sign up to get a mobile alert when NAR needs members to speak out about an issue. Click here to sign up.
2. Get the REALTOR® Action Center Mobile App for Android and iPhone! Search for “NAR Action Center” on the iTunes Store or Droid Market and download the app today.
3. Join the Broker Involvement Program and get quick tools to rally your agents when a critical issue needs their attention. Quick means you don’t have to do anything more than forward an email to your agents to get more members to participate in the Call to Action.