John VanDuzer is Partner, James Moore & Company CPAs. They focus on real estate, so naturally we had a few questions when it came to the new administration.
For those in the lower income brackets, your taxes most likely won't change too much but you may see a slight reduction. Those making up to 400k won't see very many changes at all, but those making over 400k could see themselves in a 50-60% effective rate. Of course, that all depends on how you make your income.
We also address the rise of bitcoin, how it's affecting your taxes, and what to watch out for.
If you need help finding the perfect location or your ready to invest in commercial real estate, email us at firstname.lastname@example.org.
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