Keeping It in the Family: Tax Risks and Benefits of Home Title Transfers

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Article Highlights Gift or Life Estate Parent Continues to Reside in the Home Key Features Tax and Legal Considerations Parent No Longer Resides in the Home Adding Child’s Name to the Title Comparison to a Formal…

Considering Selling Your Second Home? Read This First!

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Article Highlights: Motivations for Selling: Tiring of Property Management Retiring and Downsizing Taking Advantage of Appreciation Family Transfers Changing Personal Goals or Circumstances Tax Strategies and Issues …

Looking to Move to One of America’s Most Tax-Friendly Cities? Here’s Where to Go

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Taxes can be one of the biggest financial burdens for individuals and businesses alike. Whether you’re looking to keep more of your paycheck, save on property taxes, or enjoy lower sales taxes, some U.S. cities offer a much more tax-friendly…

Hidden Tax Benefits: How Equitable Ownership Can Maximize Your Mortgage Interest and Tax Deductions

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 Article Highlights: Equitable Ownership Who Qualifies as an Equitable Owner? Tax Implications of Being an Equitable Owner Mortgage Interest Deduction Property Tax Deduction Examples of Equitable Ownership Examples Where…

Contemplating Refinancing Your Home Mortgage? Things You Should Consider

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Article Highlights: Is It Appropriate to Refinance Your Home Loan? Refinance Costs Interest Rates Credit Score Borrowing Additional Cash Loan Term Itemizing Deductions With home mortgage rates at historic lows, it may…
Mortgage Insurance Premium Deduction Retroactively Extended

Mortgage Insurance Premium Deduction Retroactively Extended

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On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…