Eastern Connecticut
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October 22, 2018
“We want to get the word out that IRS will be holding a free webinar that tax preparers and homeowners can learn more about recent development on tax deductions for foundation repairs,” said Courtney and Larson. “Last week, we announced that the IRS has made it clear that homeowners can “carry forward” or “carry back” a net operating loss under the casualty loss deduction for crumbling foundations repairs. This clarification means that even if the net loss suffered by a homeowner exceeds their annual tax liability, they can carry forward the loss for up to 20 years and can carry back for two years. This development will provide significant help for middle-class homeowners, and we want to get the word out about how they can start using this deduction when they go to file next spring.”
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The IRS Stakeholder Liaison will be hosting a web conference on claiming casualty losses for deteriorating concrete foundations caused by the mineral pyrrhotite
Wednesday, October 24, 2018
10:00 AM – 11:00 AM EST
(60 Minutes)
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October 15, 2018
Third-quarter data released by the Eastern Connecticut Association of Realtors last week shows that single-family home sales in New London and Windham counties are up over last year, which CEO Susy Hurlbert takes as a sign of increased buyer confidence.
"There is no real fear of a recession over the next 12 months at least, so I think there's confidence in the housing market because of that," she said.
Issues:
Economy & Jobs
Eastern Connecticut
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October 7, 2018
Groton, Norwich and North Stonington are among the top cities and towns in the state for economic growth, according to the 2017 Connecticut Town Economic Indexes, which the state Department of Labor released this week.
Issues:
Economy & Jobs
Eastern Connecticut
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Congressman Courtney Speaks With A Local Veteran and Graduate of the Advanced Manufacturing Pipeline
September 28, 2018
Justin Stanley, a marine veteran from Brooklyn, CT represents a shining success for Eastern Connecticut’s manufacturing pipeline. After 4 years of serving his country overseas in Asia, Justin found employment in a variety of jobs here in the states but wanted to find a stable career to support him and his family. Through his local veteran’s representatives, Justin heard about the advanced manufacturing program at Quinebaug Valley Community College (QVCC) and it was there that he discovered what would become his life’s work.
Issues:
Eastern Connecticut
September 21, 2018
“The number one thing I hear around the district from both medical professionals and first responders is that they need more funding if we are ever going to stem the rise in drug addiction,” said Courtney. “For years, we have been saying that we need to start treating this crisis like a medical emergency as well as a law enforcement issue. This funding does just that by providing funding for hospitals and clinics on the frontlines.”
Issues:
Health Care
Eastern Connecticut
September 12, 2018
“The opioid epidemic is an issue that deserves the attention of every level of our government,” said Congressman Courtney. “This funding will provide direct aid to people living the reality of this crisis. A focused program like We CARE has the potential to make a tremendous impact on lives in our community and I applaud the dedicated efforts of Claire Silva to secure this critical funding.
Issues:
Eastern Connecticut
September 12, 2018
“This grant funding is great news for the New London Fire Department and the entire community,” said Courtney. “Not only does the New London Fire Department oversee one of the most densely populated municipalities in eastern Connecticut, it also supports the operations of departments in other local communities across our region through mutual-aid. I commend Mayor Michael Passero and retiring Fire Chief Henry Kydd, Jr. for working closely with my office during the grant application process. Their efforts were critical in helping to secure this award.”
Issues:
Eastern Connecticut
September 12, 2018
“This clarification of the tax revenue procedure announced last year will have a major impact for homeowners whose repair costs exceed their annual income,” said Courtney and Larson. “We are grateful to have the support of the Connecticut Society of Certified Public Accountants and their Executive Director, Bonnie Stewart, in this critical matter for homeowners in northcentral and northeastern Connecticut."
September 11, 2018
“The federal government’s demonstrated support for the safety and operations of our first responders who dedicate their lives to protect our neighborhoods represents an important allegiance that betters all of our communities,” said Congressman Courtney. “This grant funding is excellent news for the South Windham Fire Department. I applaud Ted Colwell for his steadfast efforts to secure this funding.
Issues:
Eastern Connecticut