For anyone considering taking out a mortgage, the new law imposes a lower dollar limit on mortgages qualifying for the home mortgage interest deduction. Beginning in 2018, taxpayers may only deduct interest on $750,000 of qualified residence loans. The limit is $375,000 for a married taxpayer filing a separate return. These are down from the…

There is a lot of “fake news” about taxes. Just because there are a few examples that are being represented as the norm.

For Alabama residents, the SALT issue with the new tax code can become a detrimental factor once your taxable income exceeds $200,000. Taxable income is very different from gross income. Schedule your appointment early so we can work through your circumstances.

Always get me down.