We no more finish Christmas, start a New Year, start our diets, and then Tax Season is upon us, ugh!
Our clients are lucky enough to receive a copy of their Settlement Statement from their closing in 2018 from us in January so they can successfully prepare for their 2018 taxes. This a part of our client appreciation program when you sell/buy with us. Our service to our clients goes beyond just the closing.
A few things to remember or ask you tax consultant:
Single 2017 - $6350 2018 - $12,000
Married 2017 - $12,700 2018 - $24,000
Head of Household 2017 - $9,350 2018 - $18,000
Child Tax Credit:
2017 - $1,000 per child
2018 - $2,000 per child
All information is general in nature and should not be taken as legal advice or guaranteed. Readers should not rely solely on this information. Contact a tax professional for more context on the tax law changes. Sources: IRS, USPS.