Mortgages

Less than a month after unanimously passing a per-worker tax on large employers to fund homeless services and affordable housing, the City Council voted 7 to 2 to eliminate it.

Under pressure from businesses and homeowners, the Seattle City Council is poised to repeal a tax on large employers like Amazon.com Inc. less than a month after it passed the tax unanimously.

Wages picked up and the unemployment rate matched the lowest in almost five decades.

Seattle levied an annual tax of about $50 million on big companies last week to help solve the city’s homeless problem. The tax was watered down from the original proposal but it was controversial and pitted the city against its most powerful corporate resident, Amazon.com Inc.

About one-third of Americans are postponing a major life decision, such as getting married or having children, for financial reasons.

The vote comes after weeks of intense debate over what responsibility large companies have for the growing number of people living on the streets.

The economy continued to expand with the help of tax cuts.

President Donald Trump’s new tax law set off a false alarm for homeowners planning to borrow against their houses.

The U.S. Bureau of Labor Statistics reported Friday that employers added a better than expect 313,000 jobs in February, although the unemployment rate remained unchanged for the fifth month in a row at 4.1 percent.

Despite recent tax cuts and minimum wage increases, some companies may be slackening their hiring and raises.

The Big Four firm agreed to resolve potential liabilities related to its work for a failed mortgage lender.

The Internal Revenue Service is prepared to handle three popular provisions that had expired for 2017 but were recently given new life by Congress.

The Internal Revenue Service said Wednesday that taxpayers can continue to deduct the interest they pay on home equity loans “in many cases,” despite the new tax law's limitations on the mortgage interest deduction.

There’s a provision in the Tax Cuts and Jobs Act that is just now beginning to garner awareness among state governments and investors.

Employment and wage growth at small businesses grew this month, according to payroll giant Paychex.

Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans.

Mortgage lenders are bracing for big delays in the processing of mortgage applications, citing a problem with the income verification system at the Internal Revenue Service.

Private sector employers added 190,000 jobs in November, according to payroll giant ADP, as the economy continues to strengthen.

Paychex reported the ninth consecutive month of declines in small business job growth for November, with wages also falling slightly.

The last-minute Republican additions to the Senate tax bill include one apparently designed to appease mortgage lenders who worried that the legislation could cost them billions of dollars and drive some small firms out of the business.