What tax deductions, programs and housing allowances are available and unavailable to you, homeowner? Let’s delve into several that the IRS wants you to consider: Deductible house-related expenses — your mortgage may bundle other costs involved in owning a home. Here are some to deduct: State and local real estate taxes, which are subject to […]
Month: June 2024
Estate and Gift Tax Planning and the TCJA
It is somewhat unusual to highlight 2026 taxes in 2024, but we are in an unusual situation: Many of the provisions in 2017’s Tax Cuts and Jobs Act will expire at the end of 2025 unless Congress acts to extend them. Taxpayers need to be aware of how they will be affected so they can […]