The recent tax reform, known as the Tax Cuts and Jobs Act (TCJA), added some good benefits to your real estate rentals, both commercial and residential. Notably, your qualified business income from your real estate rentals creates a possible 20 percent tax deduction with no effort on your part. And if you want less taxable […]
Tax Reform Does Much to Help Your Rental Real Estate Read More »
As you likely know by now, the Tax Cuts and Jobs Act created a 20 percent tax deduction under new tax code Section 199A. The question for you: Will you reap any benefits from this new deduction? And the second question: If your qualifying for the 20 percent tax deduction looks bleak, what can you
Don’t Let the Cliff Kill Your New Section 199A Tax Deduction Read More »
Happy Tax Reform Day! The GOP Tax Bill, also known as HR.1 or the Tax Cuts and Jobs Act (and a few other names I won’t mention here), was passed by the Senate last night, and it is a forgone conclusion that it will go into law today. Regardless of where you stand politically, these new
Tax Cuts and Job Act is Passed – Let’s Start Planning! Read More »
Hello Everyone, As the debate on proposed tax reform continues to stir, most business owners are hoping many of the proposed ideas “stick” and become actual law. That could take a while, given the track record of our Congress. And I’m sure you’ve heard the adage before that “hope is not a strategy!”. While any
Why Wait For Tax Reform When You Can Have Tax Savings Right Now? Read More »
