How the New Tax Law Affects Rental Real Estate Owners

Do you own residential or commercial rental real estate? The New Tax Law – Tax Cuts and Jobs Act (TCJA) brings several important changes that owners of rental properties should understand. In general, rental property owners will enjoy lower ordinary income tax rates and other favorable changes to the tax brackets for 2018 through 2025. In addition, the … Continue reading How the New Tax Law Affects Rental Real Estate Owners

Tax Cut Law: Mostly Good News for Employers and Employees

The most immediate concrete change the Tax Cuts and Jobs Act (TCJA) will bring about for employers is new payroll tax withholding rates. Here’s the latest word from the IRS: “We anticipate issuing the initial withholding guidance in January reflecting the new legislation, which would allow taxpayers to begin seeing the benefits of the change as … Continue reading Tax Cut Law: Mostly Good News for Employers and Employees