As a result, you can calculate your depreciation deduction by dividing your rental property value by 27.5 ... Tips on Capital Gains Tax on Real Estate Investment Property.

The 2017 Tax Cuts and Jobs Act limits the deduction for state and local taxes, including property, income and sales taxes, to $10,000 per year. If you need to deduct more than $10,000 on your tax ...

Assuming you’re in the 22% tax bracket (which reflects a single head-of-household annual income range of $54,201 to $86,350 and those married filing jointly with an annual income range of ...

Property tax deduction. On the other hand, some states that have lower income taxes may collect higher property taxes. The cap of up to $10,000 in federal deductions for state or local taxes under the ...

Based on "all of my conversations with CPAs and tax attorneys over the past 15 years," the possible exemption for property taxes "is one of the most overlooked deductions," he said. "That's a big ...

The maximum credit you can claim each year is “$1,200 for energy-efficient property costs and certain energy-efficient home improvements, with limits on exterior doors ($250 per door and $500 ...

That could provide tax savings for homeowners with high property taxes or who earn enough to have significant state income tax liabilities. The SALT deduction cap was introduced by Mr. Trump in ...

Selling a rental property is more complicated than selling your personal home. If you're not using the proceeds to buy another property, it's going to cost you.