Do I owe taxes on my home sale?

Persistent inflation drives up the cost of nearly everything, especially home values. People often receive a 1099-S and are surprised to learn they may have to pay capital gains on their home sale. Today’s rules are a result of the Taxpayer Relief Act of 1997. The Home Sale Capital Gains Exclusion: $250,000 / $500,000 According […]

Tax Cut & Jobs Act (TCJA) – Planning for the Sunset

In 2017, then-President Donald Trump passed a series of changes to the tax code, the so-called Tax Cuts and Jobs Act (TCJA). Like just about everything these days, the law was controversial and complicated. One of the more “interesting” components to the law is that there is a sunset provision, meaning many of the changes […]