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Home-related tax breaks are valuable on 2017 returns, will be less so for 2018

Home-related tax breaks are valuable on 2017 returns, will be less so for 2018

by Capocore Professonal Advisors | Mar 18, 2018 | Individual Tax Brief

Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help support this dream. If you own a home, you may be eligible for several valuable breaks when you file your 2017 return. But under the Tax Cuts and...
State and local sales tax deduction remains, but subject to a new limit

State and local sales tax deduction remains, but subject to a new limit

by Capocore Professonal Advisors | Jan 30, 2018 | Individual Tax Brief

Individual taxpayers who itemize their deductions can deduct either state and local income taxes or state and local sales taxes. The ability to deduct state and local taxes — including income or sales taxes, as well as property taxes — had been on the tax reform...
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Capocore Professional Advisors - 46 W. Shadbolt Ste A Lake Orion, Michigan 48362