Effective January 1, 2018, here are a few highlights of the new tax bill: The bill keeps deductions for charitable contributions, property taxes, mortgage interest, and retirement savings. It limits the deduction on mortgage interest to the first $750,000 of the loan. State Taxpayers can deduct up to $10,000 in state and local taxes. They […]
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Avoid Probate: Save your loved ones the cost, stress and delay of going through the legal process. Step Up in Basis: A Step up in basis means that your beneficiary’s will receive a readjustment of the value of an appreciated asset for tax purposes upon inheritance. For instance if you purchased your property for $250,000 […]
