History is being made. According to Asset Preservation Inc., “Congress has approved sweeping tax cuts and tax reform that have not been tackled by the federal government in over 30 years (since the Tax Reform Act of 1986.). The new tax law, formally referred to as “The Tax Cuts and Jobs Act,” will go into effect in less than two weeks on January 1, 2018. This article has the most up-to-date information along with a summary of how the new tax law provisions will affect homeowners and real estate investors who own all types of investment property.”
Click here to learn what real estate owners need to know about the new tax cuts and reforms.