Kairos Real Estate的动态

Keith Jackson is one of my favorites but what does he have to do with LinkedIn? And #taxplanning?!? Well, "Whoa, Nellie!" might be really solid tax advice at the moment...especially if #BonusDepreciation is a tax strategy you have (or should have) in place. It still has to pass the Senate but 'The Tax Relief for American Families & Workers Act of 2024' passed the House last week 357-70. Topping out at 100% in 2022 and scheduled to decrease 20 percentage points for the next five years (0% in 2027), this new legislation would - among other things - reinstate the 100% deduction on any property placed in service 1/1/23-12/31/25. If you did a #CostSegregation study recently (or should have), hold your horses.?You will be glad you did. ** Who said Tax Planning was boring? The Walters Institute.

Feeling the pinch from high property taxes? Don’t pay more than you should! Reducing property taxes requires a proactive approach. Start by reviewing your property tax assessment to ensure it’s accurate, as overvalued assessments can lead to higher taxes. If you believe your property is over-assessed, consider filing an appeal with supporting evidence, such as recent sales data for comparable homes. Explore any available exemptions or tax relief programs offered for veterans, seniors, or homeowners with disabilities. Making energy-efficient improvements may also qualify you for certain tax breaks. Finally, staying informed about local property tax laws and regularly reassessing your property’s value can help keep your tax burden in check. Interested in learning more? Schedule a free 20-minute tax consultation with one of our tax and wealth advisors today - https://shorturl.at/wEfuW. Together, let’s discover smart strategies to reduce your property tax bill and keep more money in your pocket! #PropertyTaxSavings #LowerYourTaxess #TaxReductionTips #HomeownerSavings #TaxAppeal #PropertyAssessment #TaxRelief #SmartHomeownership #ReducePropertyTaxes #HomeValue #TaxBreaks #TaxExemptions #RealEstateTips #HomeownerTaxTips #PropertyTaxHelp #TaxStrategy #FinancialPlanning #PropertyTaxes #SaveOnTaxes #HomeImprovementTax

Feeling the pinch from high property taxes? Don’t pay more than you should! Reducing property taxes requires a proactive approach. Start by reviewing your property tax assessment to ensure it’s accurate, as overvalued assessments can lead to higher taxes. If you believe your property is over-assessed, consider filing an appeal with supporting evidence, such as recent sales data for comparable homes. Explore any available exemptions or tax relief programs offered for veterans, seniors, or homeowners with disabilities. Making energy-efficient improvements may also qualify you for certain tax breaks. Finally, staying informed about local property tax laws and regularly reassessing your property’s value can help keep your tax burden in check. Interested in learning more? Schedule a free 20-minute tax consultation with one of our tax and wealth advisors today - https://shorturl.at/wEfuW. Together, let’s discover smart strategies to reduce your property tax bill and keep more money in your pocket! #PropertyTaxSavings #LowerYourTaxes #TaxReductionTips #HomeownerSavings #TaxAppeal #PropertyAssessment #TaxRelief #SmartHomeownership #ReducePropertyTaxes #HomeValue #TaxBreaks #TaxExemptions #RealEstateTips #HomeownerTaxTips #PropertyTaxHelp #TaxStrategy #FinancialPlanning #PropertyTaxes #SaveOnTaxes #HomeImprovementTax

Feeling the pinch from high property taxes? Don’t pay more than you should! Reducing property taxes requires a proactive approach. Start by reviewing your property tax assessment to ensure it’s accurate, as overvalued assessments can lead to higher taxes. If you believe your property is over-assessed, consider filing an appeal with supporting evidence, such as recent sales data for comparable homes. Explore any available exemptions or tax relief programs offered for veterans, seniors, or homeowners with disabilities. Making energy-efficient improvements may also qualify you for certain tax breaks. Finally, staying informed about local property tax laws and regularly reassessing your property’s value can help keep your tax burden in check. Interested in learning more? Schedule a free 20-minute tax consultation with one of our tax and wealth advisors today - https://shorturl.at/wEfuW. Together, let’s discover smart strategies to reduce your property tax bill and keep more money in your pocket! #PropertyTaxSavings #LowerYourTaxess #TaxReductionTips #HomeownerSavings #TaxAppeal #PropertyAssessment #TaxRelief #SmartHomeownership #ReducePropertyTaxes #HomeValue #TaxBreaks #TaxExemptions #RealEstateTips #HomeownerTaxTips #PropertyTaxHelp #TaxStrategy #FinancialPlanning #PropertyTaxes #SaveOnTaxes #HomeImprovementTax

ATO’s three focus areas this tax time The ATO will be taking a close look this ‘tax time’ at the following common errors made by taxpayers: Work related expenses: Taxpayers using the ‘revised fixed rate method’ of calculating a working from home deduction must have comprehensive records to substantiate their claims, including records that show the actual number of hours they worked from home, and the additional running costs they incurred to claim a deduction. Rental properties: Performing general repairs and maintenance on a rental property can be claimed as an immediate deduction. However, expenses which are capital in nature (such as initial repairs on a newly purchased property) are not deductible as repairs or maintenance. Failing to include all income in tax return: The ATO warns taxpayers against rushing to lodge their tax return on 1 July. If they have received income from multiple sources, they need to wait until this is pre-filled in their tax return before lodging. https://lnkd.in/gY2duEUA #tax #accountants #business #investments #property

CGT is generally charged at a flat rate of 20% on most chargeable gains for individuals. However, if taxpayers are within the basic rate tax bracket and make a small capital gain, they may be eligible for a reduced CGT rate of 10%. Once their total taxable income and gains exceed the higher-rate threshold, the excess is taxed at the 20% rate. #CGT #Tax

Tax season! My favorite. Here are the key tax deductions you can take as a home owner. As always, please consult a tax expert! #Buildwealth #Homeequity #homeowner #firsttimehomebuyer #passiveincome #realtorinphoenix #Scottsdalerealtor?#realestateinvestor #scottsdalerealestate

Don't Wait Until the Last Minute to File Your Extended Return! If you requested an extension to file your 2023 tax return, you probably know that the extended deadline is coming up soon, on Oct. 15. If you have the information you need, consider filing now. There’s no advantage to waiting, and last-minute filing may lead to worry. If you’re concerned about paying any tax owed, the IRS offers short- and long-term payment plans, as well as installment agreements, to taxpayers who qualify. It’s important to act quickly if you owe because any amount that was due April 15 accrues interest until the balance is paid. As soon as possible, gather your 2023 tax year records and contact the office for a tax preparation appointment or to ask questions you may have. Go to top

The year 2026 is quickly approaching, bringing substantial changes that may affect your estate tax situation. The Tax Cuts and Jobs Act (TCJA) in 2017 significantly increased the federal estate tax exemption to $10 million adjusted for inflation, which is now at $13,610,000.00. This is the amount you can gift or leave to your loved ones at your death without incurring a gift or estate tax liability.?Any portion of the exemption used during lifetime reduces the total exemption amount available at death for estate tax purposes. However, the countdown has begun for the potential sunset of this generous exemption by the end of 2025. Adjusting for inflation, the Congressional Budget Office estimates the new exemption amount will be $6.4 million in 2026. There are strong arguments for and against the changes in legislation. Whether the current exemption amount remains or is reduced to roughly $6.4 million, valuable insights from professional advisors can prepare you for either scenario. What is not taxable today might be taxable tomorrow. https://lnkd.in/g4_Jht9S

Local authorities in popular holiday destinations are implementing higher council tax charges on second homeowners. This has led to clients contacting us with queries regarding capital gains tax nominations for their properties. ???? Graham Boar, partner at UHY East, compares the council tax and capital gains tax perspectives in the insight below to help you understand how the differing rules can affect the amount of tax you pay. #capitalgainstax #counciltax #UKtax