A significant number of our clients (more than) dabble in real estate investing. Why? Because it’s a fantastic way to aggrandize one’s wealth. The tax breaks, even with breakeven rent, and the growth in capital (the value of the house increases) are hard to beat- especially in today’s market.
Continue reading Real Estate Rental?
So, you have today off. And, don’t give me any garbage that you are going to visit your family. Not happening. This is a pandemic.
Continue reading It’s Christmas Day…
You know the tax law has changed. And, for many of you, that means that itemizing is no longer an option. (If you are married, the threshold of deductions needed to itemize went from $ 12K to $ 24K- and you are limited to $ 10K for the TOTAL of your property taxes and state/local income taxes. Of course, you could do as I have done for many a client- filed separately for the first time in decades. Where the threshold is $ 12K- and you still have that 10K max for property/state/local taxes….)
Continue reading We covered death. Now, it’s time for taxes.
It’s the last business day of the year. I’d suggest you start getting all your tax stuff in a folder to hand over to your tax professional. (We are ready and willing to help you ☺ ).
Continue reading It’s That Time….
