fbpx

Take Advantage of New Tax Breaks

Mark B. Kravitz Esq.

ONE | Sotheby’s International Realty

[email protected]

305.527.9772

kravitzhomes.com

Tax Cuts and Jobs Act is no doubt complicated but is also not without opportunities for financial gain. Taking the time to educate yourself and understand how the new tax breaks will affect your real estate investments will be invaluable in making smart decisions come tax time.

Bonus Depreciation for Business Owners and Real Estate Investors

This depreciation deduction is one of the new opportunities offered by the TCJA. The break allows investors and property buyers to take advantage of a 100% first-year bonus depreciation deduction on a variety of real estate improvements, from HVAC to new alarm systems to roofing. Available until 2022, this is a great opportunity to take advantage of now.

Reduced Corporate Taxes

The corporate income tax rate has dropped to just 21%, down from the previous rate of 35%. Along with reinvestment rates now going as low as 8%, this big change has made it more desirable for big business to invest money back in the US and boost the market for everyone. New and expanding real estate startups will also see incentives, including a 20% deduction on qualified income for organizations like LLCs on pass-through income.

1031 Exchanges

Your ability to restructure your real estate investment portfolios while deferring a tax hit has been protected with the new laws. This means now might be the ideal time to expand or change your portfolio to both avoid an immediate tax impact and prepare for bigger returns in the future.

Retirement Account Investments and Contributions

Contributions to long-term savings and investments, including 401(K) plans and Education Savings Accounts will still provide a reduction to your taxable income. With these important benefits protected in the new tax law, now is a great time to consider using long-term savings and self-directed retirement to invest into real estate.

You May Also Like

Cook Together! Stay Together!

Lenore Nolan-Ryan Lenore Nolan Ryan Catering & Cooking School Galt Ocean Plaza 3311 North Ocean Blvd, Ft Lauderdale, FL 33308 954.491.2340 lenorenolanryan.com Why do I love teaching cooking classes? It isn’t just about the cooking. It’s about you. It’s an evolving experience between you and the ingredients, the equipment, and the interaction with your friends,

How Long Does Menopause Last?

Carolyn Zaumeyer Nurse Practitioner LowTE Florida 4540 N. Federal Highway Fort Lauderdale, FL 33308 954.791.4498 LowTEFlorida.com I am asked this all the time ~ The interesting answer is (as you probably guessed) it is different for everyone. Some women breeze through menopause without a hot flash or any of the other obvious symptoms. But for

Carolyn Zaumeyer
The Art of Entertaining

Lenore Nolan-Ryan Lenore Nolan Ryan Catering & Cooking School Galt Ocean Plaza 3311 North Ocean Blvd, Ft Lauderdale, FL 33308 954.491.2340 lenorenolanryan.com When I am asked the question “how do you throw a great party?” It is without hesitation I say, “pick a theme!” Hosting a gathering small or large, in your backyard, living room,

Lenore Ryan
Valentine’s Day: A Catered Affair

Lenore Nolan-Ryan Lenore Nolan Ryan Catering & Cooking School Galt Ocean Plaza 3311 North Ocean Blvd, Ft Lauderdale, FL 33308 954.491.2340 lenorenolanryan.com Valentine’s Day is celebrated every year on February 14 and is considered the most romantic holiday of the year. The holiday’s roots are ancient and related to a Christian martyr, Saint Valentine of

Lenore Ryan

Other Posts

Crypto-Backed Mortgages

Randy Gilbert, J.D. Chief Happiness Officer Florida’s Title Insurance Company [email protected] (954) 500-Title (8485)  CRYPTO-BACKED MORTGAGES  In this article, I interviewed crypto-lender Milo, because it is locally headquartered in Miami, was a featured speaker at the Miami Association of Realtors’ 2022 Global Congress at the Biltmore Hotel in Coral Gables last month, closed over $100

Randy Gilbert
For the Love of Food

Lenore Nolan-Ryan Lenore Nolan Ryan Catering & Cooking School Galt Ocean Plaza 3311 North Ocean Blvd, Ft Lauderdale, FL 33308 954.491.2340 lenorenolanryan.com Are you a Foodie? Are you an Epicurista? Are you a Culinarian? Are you a Gourmand, a Gourmet? What does it all mean? Are you one? Are you one and don’t know it?

Lenore Ryan
Collaborating for a Better South Florida

Roger Lopez Chief Operating Officer United HomeCare 305-716-0719 UnitedHomeCare.com Older adults are living longer and as the U.S. population ages, more and more people are handling long-term care planning for themselves or their loved ones. According to the U.S. Department of Health and Human Services, there’s a 70 percent chance that a person retiring today

Are You Hormone Curious?

Carolyn Zaumeyer Nurse Practitioner LowTE Florida 4540 N. Federal Highway Fort Lauderdale, FL 33308 954.791.4498 Would you like to learn more about hormone therapy to decide if it is right for you? Since the pandemic began, I have been providing free virtual consultations for women and men from all over the country. I have many

Carolyn Zaumeyer