The Kansas Association of
REALTORS® (KAR) issued a call for action on Wednesday, urging its members to
reach out to their legislators in support of HB 2033.
For years, Kansas homeowners
have been able to deduct mortgage interest and property taxes on their state
tax return. But now, 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
most homeowners, that can mean paying more state income taxes. It is estimated
that Kansans will pay $156.7 million more in income taxes over the next three
years if HB 2033 is not enacted.
The Kansas Legislature has
passed HB 2033, but Governor Kelly vetoed the bill.
KAR is asking to tell their
legislators to override the governor’s veto of HB 2033 and restore the ability
to itemize deductions on state income tax by removing the federal itemization
requirement.
“This is an issue that should
be important to all REALTORS® in Kansas,” KCRAR Director of Kansas Advocacy
Jeff Carson said. “Make your voices heard and respond to the KAR call
for action and tell Kansas lawmakers that homeownership matters in Kansas!”
