How to Avoid Capital Gains Tax When Selling Your Home If you’re planning to sell your home, you might be wondering: Will I owe taxes on the profit? The good news is that many homeowners can exclude up to $250,000 (or $500,000 for married couples) of their gain from capital gains tax under IRS Section
Author Archives: Whittaker
13
Nov
Nov
A 1031 exchange remains one of the most effective tax strategies for real estate investors, allowing them to defer capital gains taxes when selling and reinvesting in like-kind properties. However, as 2025 unfolds, potential legislative changes could limit this powerful tax benefit. In this guide, we’ll break down how 1031 exchanges work, what proposed changes
06
Nov
Nov
2025 IRA Contribution Limits: What You Need to Know As we head into 2025, the IRS has released the updated contribution limits for Individual Retirement Accounts (IRAs). Whether you’re planning for retirement with a traditional IRA or a Roth IRA, understanding these limits can help you maximize your tax advantages and grow your savings more
30
Oct
Oct
Maximizing Your Tax Savings: Understanding the Qualified Business Income (QBI) Deduction If you’re a business owner or self-employed individual, there’s a valuable tax break you may be eligible for the Qualified Business Income (QBI) deduction. This deduction was introduced under the Tax Cuts and Jobs Act of 2017. The QBI deduction allows eligible taxpayers to
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Oct
Oct
How to Plan for Taxes When Transferring Commercial Real Estate to Your Heirs When it comes to transferring commercial real estate to your heirs, the tax implications can be significant. Due to this significance, it is important to plan right which tends to be quite complex. Commercial property is one of the most valuable things
16
Oct
Oct
For many business owners and investors, taxes are one of the largest obstacles to maximizing returns. That’s where Opportunity Zones come in—a program that can unlock significant tax savings while encouraging investment in underdeveloped areas across the country. But how exactly do you leverage commercial real estate investments in these zones to benefit from these
09
Oct
Oct
The Impact of State and Local Taxes on Commercial Real Estate: What Business Owners Should Know For businesses involved in commercial real estate, understanding the impact of state and local taxes is crucial to making informed investment and operational decisions. Whether you’re buying, selling, or managing properties, taxes play a key role in shaping profitability
02
Oct
Oct
What Are the Tax Implications of Leasing Commercial Property to Your Own Business? Leasing commercial property to your own business can be a smart financial strategy. It can offer both operational and tax advantages but, it’s important to understand the tax implications involved. To ensure you stay compliant with IRS rules and make the most
25
Sep
Sep
How Are Operating Expenses for Commercial Properties Treated for Tax Purposes? Operating a commercial property comes with a variety of ongoing costs. From utilities to property management fees, these expenses can add up quickly. However, the good news for commercial property owners is that many of these operating expenses are tax-deductible. With these deductions you
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Sep
Sep
Commercial real estate owners have numerous opportunities to reduce their taxable income through various deductions. Understanding and applying these deductions can significantly improve profitability and cash flow. In this article, we’ll explore key tax deductions available to commercial property owners, helping you keep more of what you earn. Commercial real estate owners have numerous opportunities