2018 Tax Bill
January 30th, 2018
Hey All! We are starting a new monthly video blog with real estate tidbits for your viewing pleasure.
This month’s Tuesday Tidbit is all about the new Tax Bill. A few quick items to note for 2018:
-Standard deduction is raised to $12,000 for single filers and $24,000 for joint filers.
-Tax deferred 1031 real property exchanges will still be allowable.
-Mortgage interest deduction is still available on new loans below $750,000.
-Capital gain rules remain the same.
As always, we advise you to consult with your tax professional regarding how these changes might affect you personally.
Thanks for tuning in – Click here to watch: …
Posted in Taxes | No Comments »