Real Estate Tax-Saving Secrets | Palma Financial Service Blogs

Tax-saving secrets are not always easy to find. There are many sources on the internet that claim to offer them, but it is hard to know which ones are legitimate. Tax-saving secrets can be found in many different places, but some of the most common sources for these secrets are tax professionals and financial advisors.

In order to save more on taxes, it is important that you understand how the tax laws work. You need to be aware of what deductions and credits are available.

You’re invested in real estate, right? Tax preparers near me want you to know a few tax-saving secrets. 

Did you know there’s something called Qualified Opportunity Zones (QOZs), various regions across the country that are considered economically distressed?

Investors who realize capital gains from selling another investment can defer or even eliminate a portion of their taxable gain if they direct those gains into a QOZ.

So, the QOZ tax benefits are clear, but there are plenty other ways to save on taxes in the upcoming years.

Capital gain taxes are likely to continue to increase!

Now’s the time to prepare.

Would you like a free tax assessment?

Let’s talk: schedule a time here with tax preparers near me .