Real estate investors have two options to expense their real estate costs. One is the traditional straight-line method and the other one is the cost segregation method. The second method renders a lot of benefits to real estate investors. This includes accelerated depreciation, decreased taxable income, and an increase in cash flow. After the CARES … Read more
Tax Benefits
2021 Tax Season Updates
The IRS has extended the tax filing and payment deadline to the 17th of May, 2021 and this extension is due to the increased complications of the pandemic. Due to the outbreak, multiple tax reliefs and acts were passed during the past year 2020. It might be hard for taxpayers to navigate between various reliefs … Read more
How To Get Tax Deductions For A Foreign Property
Owning foreign properties have few differences in tax benefits than owning your domestic property. Foreign property is a property that is purchased under your name on any foreign land and it can be used as your second home or vacation rental based on the owner’s convenience. The tax benefits depend on how frequently you are … Read more
Getting to know the tax benefits in real estate
Getting to know the tax benefits is really important if you own real estate. You can eliminate or reduce your federal and state income taxes. Depreciation is something that underpins most of the advantages. In this article let’s understand what depreciation, accelerated depreciation, and bonus depreciation is. What is depreciation? Depreciation is the decrease in … Read more
What every real estate investor needs to know about cost segregation?
As a real estate investor, you must definitely be putting efforts into how to minimize your tax liability. One tax strategy you should be focusing on is cost segregation. It acts as a shield in reducing taxable income for real estate owners by depreciating a few components at an accelerated rate. This blog is all … Read more
Tax Benefits of Home Ownership
Owning a home completely helps in reducing your tax burden. The remarkable tax benefits of owning a home is that your rental income will not be taxed. It is valued as a return on investment as from stock markets and other savings accounts. Rental income falls under this category and will not be taxed. How … Read more