1. Personal exemptions You can no longer claim a deduction for yourself, your spouse or any of your dependents. Each personal exemption in 2017 provided a $4,050 tax deduction. For example, a family of four could deduct a total of $16,200 in addition to a standard deduction, itemized deductions and any adjustments to income. The […]
Tax Tip #1: Business Tax Deduction
One of the biggest wins for REALTORS® in last year’s tax reform bill is the new 20% business income deduction, also known as Section 199A. What should you be doing to ensure you’re positioned to get the most out of the business income deduction in your 2018 taxes, due next year in April? CPA Peter […]
April 3 CVAR At A Glance
Featured Classes and Events April 3 | CRMLS Training April 4 | Rev Up w/ Reverse Mortgage April 5 | RLA/BRE Contracts – East April 5 | REALTOR® Safety April 6 | MLS Forum – Free April 7 | Photography for REALTORS® – Free April 7 | RPR Workshop – Free See Who Got REvived! […]