Description

We're living in a new tax world now, thanks to the overhaul passed by Congress last year. A number of breaks bit the dust, but some new ones were introduced as well. Your 2018 return will be the first to file under the new rules, but the time to look for tax savings is now.
But many homeowners, even if they own multimillion-dollar dwellings, misunderstand those changes or, even worse, are totally unaware of them. In this situation, ignorance isn't bliss; it could be disastrous.
As is true of nearly all overhauls of the tax code, they help some and hurt others. Taxes are trimmed for most sellers, but drastically raised for lots of sellers in expensive housing markets."