Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 288

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 288
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. The Company’s cost for contributions to this plan was $21 million, $21 million and $22 million for the years ended December 31, 2024, 2023 and 2022, respectively.

12.INCOME TAXES

The components of pretax loss for domestic and foreign operations consisted of the following: Year Ended December 31, 202420232022Domestic$(133)$(119)$(368)Foreign4 6 17 Pretax loss$(129)$(113)$(351)The components of income tax benefit consisted of the following:  Year Ended December 31, 202420232022Current:Federal$(2)$9 $24 State(1)5 — Foreign3 4 4 Total current— 18 28 Deferred:Federal(13)(31)(78)State11 (2)(18)Foreign— — — Total deferred(2)(33)(96)Income tax benefit$(2)$(15)$(68)

F-34

A reconciliation of the Company’s effective income tax rate at the U.S. federal statutory rate of 21% to the actual expense was as follows: Year Ended December 31, 202420232022Federal statutory rate21 %21 %21 %State and local income taxes, net of federal tax benefits5 1 3 Non-deductible equity compensation(1)(1)— Non-deductible executive compensation(4)(4)(1)Goodwill impairment— (5)(8)Uncertain tax positions— — (1)Tax credits (a)5 6 7 Net change in valuation allowance (b)(21)(5)— Other permanent differences(3)— (2)Effective tax rate2 %13 %19 %_______________(a)This item in 2022 includes a benefit related to the completion of a research tax credit study for tax years 2016 through 2022.(b)As a result of the Company's recent history of losses, the Company increased the valuation allowance, primarily on foreign tax credits and state net operating losses.Deferred income taxes result from temporary differences between the amount of assets and liabilities recognized for financial reporting and tax purposes. The components of the deferred income tax assets and liabilities are as follows:December 31,20242023Deferred income tax assets:Net operating loss carryforwards$37 $36 Tax credit carryforwards