Depreciation is a powerful tool in the arsenal of real estate investors, however, when utilizing a 1031 exchange, the depreciation benefits can become significantly diluted unless you plan carefully.

President Biden’s budget proposal for fiscal year 2024 includes a wide array of policy changes, new programs, increased spending, and higher revenue.

Planning to sell some investments this year? It’s less likely to affect your 2023 tax bill, experts say. Here’s why: The IRS made dozens of inflation adjustments for 2023, including the long-term capital gains brackets, applying to investments held for more than one year. This means you can have more taxable income before reaching the 15% or 20% brackets for investment earnings.

.Just as a second medical opinion can influence your health outcomes, a second opinion on your taxes can find significant savings and impact your financial well-being.

.Just as a second medical opinion can influence your health outcomes, a second opinion on your taxes can find significant savings and impact your financial well-being.

Despite diligent efforts to minimize tax burdens, there may still be hidden opportunities to save thousands of dollars in taxes.

The budget’s new taxes and tax increases fall into three broad buckets: higher taxes on wage income, higher taxes on investment income, and higher business taxes.

AI is making huge strides in understanding our world and the undisputed leader is ChatGPT by OpenAI.  So we asked it what it thought the biggest hurdles were for taxes in real estate.  It turned out it had a pretty good understanding of what it was looking at.  Here's its response.

The growth of M2—a measure of money supply in the economy that includes currency in circulation, balances in retail money-market funds, and savings deposits, and more—had been slowing over the past two years after a surge in 2020, but December numbers show a decline.