Tag: “taxes”

Breaking it down: the real estate capital gains tax

Are you hoping to sell your house for more than it’s worth? Before you get too excited thinking about what you could do with all that extra cash, don’t forget about one of the two only guaranteed things in life: taxes. Fortunately, though, there are a few things you can do to help keep your income safe. If you want to learn more about how the capital gains tax affects home sales, you’ve come to the right

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Bought a home? Here are the tax write offs you need to know about in 2018

Now that the GOP tax plan has officially passed, big changes are coming to the way that people file their taxes. One of the biggest debates surrounds whether or it’s worth it to itemize your write-offs rather than taking the standard deduction. Homeowners (and those looking to buy) should take a closer look at which option will have the biggest benefit in 2018. To get you prepared for this year's tax season, we’ve outlined some of the most

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What Trump's proposed tax plan means for 2018 homeowner deductions

Believe it or not, tax season is right around the corner, and if you’ve turned on the news recently, you’ve probably heard that the start of 2018 could bring big changes to the way you file. This is especially true for those thinking of purchasing a home since some of the tax benefits of buying are under intense scrutiny. Analysis from Open Listings shows that the proposed Tax Cuts & Jobs Act will impact most potential homebuyers living

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