Tag Archives: income tax

10 hot income tax strategies that can save money on your return

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Use this list to determine where you are paying the IRS more than you should and to protect your personal and business finances, trainer Bernice Ross writes. Continue reading →

Proactive tax planning: How to maximize your returns this fall

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For real estate professionals, tax planning isn’t just about filing at year-end; it’s about maintaining accurate records throughout the year. Tax expert Maeda Palius shares her best tax tips and hacks for tax preparation. Continue reading →

These are the states where homeowners will benefit most — and least — from new SALT cap

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Redfin’s latest analysis reveals the states where homeowners will benefit most from the new state and local tax (SALT) cap, which Congress raised from $10,000 to $40,000. Continue reading →

Don’t fall behind on your taxes! 5 money-savvy moves for real estate agents

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If you had a blockbuster year in your real estate business, you need to ensure that you have a financial plan in place. CFP Jordan Curnutt offers some key tax planning strategies to consider. Continue reading →

Proposed capital gains tax increase could lead to a rush of luxury sales

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While much around the capital gains tax remains up in the air, its potential effect on the country’s wealthiest residents is leading to a slew of questions being thrown at luxury agents from “extremely motivated” sellers. Continue reading →

8 things agents need to know about filing 2020 taxes

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North Carolina-based tax professional Dalaine Bradley shares what real estate agents need to know about filing taxes in the midst of a pandemic. Continue reading →

9 tax filing mistakes Realtors should avoid

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As the tax filing deadline comes ever closer, real estate professionals find themselves in a familiar position: how to pay as little tax as required while staying off the radar of the ever-watchful IRS. Filing taxes can be complicated and avoiding a d… Continue reading →