With the chance to bring positive change to underserved areas, the potential for outsized returns and the prospect of substantial tax breaks, opportunity zones are a hot investment idea in real estate. The one big catch? As today’s article notes, “Unlike buying shares of Apple or Google, which you can sell whenever you’d like or hold on to forever, investing in an opportunity zone has a set of time hurdles set by the special tax treatment.” So are opportunity zones the right opportunity for you? The author examines what investors need to consider – including the key decision they need to make about their investment strategy. For more, CLICK HERE.
Tax Breaks
Deduction Maximization: Don’t Overlook These
“Every possible tax deduction can help when your money is tight. Yet many available legal deductions go unclaimed each year simply because most taxpayers still don’t know the breaks exist.” Today’s article lays out nine often-overlooked categories of deductions, as well as the specific expenses within those categories that qualify. One example? Medical Items: “Guess what? While designer eyeglasses, contact lenses or magnifying devices from your local drug store may not seem like medical devices, the IRS does allow these deductions.” To read the complete accounting of deductions not to be overlooked, CLICK HERE.