"Jack Up Your Profits with Historic Rehab Tax Credits in 2026" To get my complete, FREE articlewith all the details… You're eyeing an old building that needs serious work, and the rehab bill is what keeps you from pulling the trigger. The federal government will pay back part of that bill as a tax credit, and with the right financing, you could end up with little or … [Read more...]
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2026 $500,000 Home-Sale Exclusion: Must You Be Married?
"2026 $500,000 Home-Sale Exclusion: Must You Be Married?" To get my complete, FREE articlewith all the details… You're selling your home this year, and you assume the $500,000 exclusion only works if you were married for the whole time you lived there. The tax code never asks how long you've been married. It asks something else entirely about your tax return, and the … [Read more...]
Proving Basis in Your Home: The 2026 Cost of Bad Records
"Proving Basis in Your Home: The 2026 Cost of Bad Records" To get my complete, FREE articlewith all the details… For decades, most homeowners never had to prove what they spent on their home. The sale exclusion swallowed the whole gain, so the receipts went in the trash. That assumption is getting riskier every year, because the exclusion amounts haven't moved since … [Read more...]
When Your Spouse Dies: The Tax and Medicare Hits Arrive Later
When Your Spouse Dies: The Tax and Medicare Hits Arrive Later To get my complete article with all the details… When your spouse dies, the tax return is the last thing on your mind. But federal law gives you a joint-filing window that lasts a year or more after the death — and once it closes, your tax bill can jump for good. Your rate brackets and standard deduction … [Read more...]
Is Your Business “Out of Favor” With the IRS?
Is Your Business “Out of Favor” With the IRS? To get my complete article with all the details… You bill separately for advice, and that one line item might be quietly wiping out your 20 percent Section 199A deduction. Section 199A splits pass-through businesses (proprietorships, partnerships, and S corporations) into two camps — in favor and out of favor — and if … [Read more...]