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By Holden Lewis, Nerdwallet

Whether you can afford a home depends — a lot — on the city you want to call home. A modest income can go a long way in Cumberland, Maryland, the metropolitan area with the nation’s most affordable houses. In contrast, the least affordable homes are in the San Jose, California, metropolitan area — the center of Silicon Valley.

In Cumberland, a median-priced house costs less than two years’ median household income. By contrast, the typical home in San Jose costs about 10 years of household income.

NerdWallet calculated affordability for 173 metropolitan areas by comparing the median annual household income and the monthly principal-and-interest payment for a median-priced single-family home. “Median” means half of the values or incomes are higher and half are lower. Those comparisons revealed the five most- and least-affordable markets for buying a home.

The lists were compiled using data from the National Association of Realtors, the Census Bureau and Ne..

Summary of the new pass-through rules

A new exclusion or deduction of 20 percent of ‘qualified business income’ will effectively reduce the tax rate on such income by 20 percent. Thus, qualified income otherwise taxed at the top rate of 37 percent will be taxed at 29.6 percent. Self-employment or net investment income taxes, where applicable, would be in addition to these amounts.

Qualified business income would generally include the ordinary, operating income of a trade or business, excluding…

RSM US LLP has four offices in Ohio: Cincinnati, Dayton, Columbus and Cleveland and 80 additional offices around the country. Ken Jenkins is the office managing partner responsible for managing and governing the RSM Cincinnati office, which currently has 68 employees. He also leads the tax practice for the Cincinnati office. Jenkins has over 25 years in public accounting, including 11 years at Ernst & Young. Ken left Ernst & Young to join one of Cincinnati’s oldest accounting firms, Rippe & Kingston.…