Categories for Taxes

New Tax Bill Effects on Real Estate and Homeowners

I have been asked many questions about the recent tax overhaul. Owning a home is a still a great investment. History has shown the positive effects of equity gain for long-term homeowners. Although there is some tax deduction loss for new Primary loans over $750K, the cost-burden of the new law for most buyers is likely less than $5k annual (in regards to mortgage interest)....

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Your second property tax installment is now due!

  Your second property tax installment is now due! Not really, but you may consider paying your property taxes early. The new tax law limits deductions on state and local taxes to just $10,000. The law actually prohibits paying 2018 state and local taxes early to avoid the new tax rules, but it is not clear that the full property tax amount cannot be deducted...

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