Monday, January 15, 2018

The New Tax Bill and Homeownership

The New Tax Bill and Homeownship

The following gives the highlights of the entire tax bill.  I have bolded/underlined/italicized those that apply to homeowners.

These officially took effect on January 1, 2018 - but you won't realize any of it until you file your taxes at the beginning of 2019.


General for all:
  • An overall lowering of the tax bracket rates, including the top tax bracket which falls from 39.6% to 37%
  • Personal exemptions are repealed
For taxpayers who itemize deductions:
State and local income and real estate taxes are capped at $10,000 per year
  • Home mortgage interest from home equity loans will no longer be deductible
  • Home mortgage interest on new mortgages is only deductible to the extent of $750,000 of acquisition indebtedness
  • Charitable contributions of cash can be deducted currently up to 60% of adjusted gross income (up from 50%)
  • Miscellaneous itemized deductions -- including unreimbursed employee business expenses, tax return preparation and investment management fees -- are no longer deductible
Also:
  • Standard deduction for joint taxpayers increases to $24,000
  • Child tax credit expanded and will be allowed at higher levels of income (phasing out beginning at $400,000 of income in place of $110,000)
  • Up to a 20% deduction for income earned by "pass-though" businesses such as partnerships and S corporations (subject to a bunch of limitations)
  • Alternative Minimum Tax (AMT) provisions are retained, but fewer people will be subjected to its reach
  • Lifetime exemption from estate and gift taxes double for 2018 - potentially allowing for a great deal of planning to occur for those who haven't adequately protected their estate or who can now take advantage of the higher limits

#taxes #newtaxbill #homeownership #taxdeduction #realestate #2018tax #mortgagededuction

Monday, January 8, 2018

Keeping Your Credit Card Info Safe Online

Keeping Your Credit Card Info Safe Online



#creditcard #onlinesecurity #cybersecurity #realestate #onlineshopping

Tuesday, January 2, 2018

January Events in Indiana

January Events in Indiana

BRAVE THE WEATHER AND GET OUT THERE!!!

The Power of Poison

IndianapolisIN    
 – 
    

Christmas In Paradise

ShipshewanaIN    
 – 
    

Christmas Casino - Rising Star Casino Resort

Rising SunIN    
 – 
     Free Admission    

Fort Wayne Mad Ants

Fort WayneIN    
 – 
    

Snow Days

Fort WayneIN    
 – 
    

Holiday Artisan Market

Michigan CityIN    
 – 
10am–5pm
    

Christmas Train Show - Rising Sun

Rising SunIN    
 – 
12pm–5pm
    

Chinese Lantern Festival

IndianapolisIN    
 – 
5:30–10pm
    

Festival of Lights

Michigan CityIN    
 – 
     Free Admission    

Ice Skating under the Urschel Pavilion

ValparaisoIN    
 –  
See more dates
    

The Ice at Center Green

CarmelIN    
 
See more dates
1–10pm
    

Indiana Dunes Scavenger Hunt

PorterIN    
 – 
    

Shipshewana Trading Place Auction (Every Wednesday)

ShipshewanaIN    
 
See more dates
9am
     Free Admission    

$5 First Thursday

IndianapolisIN    
 
See more dates
4–8pm
    

We Are Porter County Series

ValparaisoIN    
 – 
5:30pm
     Free Admission    

Snowshoe Hike

PorterIN    
 
See more dates
1–3pm
    

Film Series at the Indiana Dunes Visitor Center

PorterIN    
2pm
     Free Admission    

New acquisitions at the Brauer Museum of Art

ValparaisoIN    
 – 
10am
     Free Admission    

Savor Fort Wayne

Fort WayneIN    
     Free Admission    

Funny Money

ClarksvilleIN    
 – 
    

Second Saturday Night Stargazing

ChestertonIN    
 – 
    

Winter Open House - Dunes Learning Center

PorterIN    
11am–3pm
     Free Admission    

Film Series at the Indiana Dunes Visitor Center

PorterIN    
2pm
     Free Admission    

Martin Luther King Jr. Day

IndianapolisIN    
10am–5pm
     Free Admission    

Thursday Night Noir!

ValparaisoIN    
 – 
7pm
     Free Admission    

HurlyBurly

ValparaisoIN    
 – 
    

Wellness Weekend at West Baden

West Baden SpringsIN    
4–9pm
    

Music Heritage Series at the National Lakeshore

PorterIN    
 – 
7:30–9pm
     Free Admission    

Annual Dunes Geocache Adventure

ChestertonIN    
10am
    

MegaBeatles featuring Chris & Lou Band and the Crawpuppies

ValparaisoIN    
7pm
    

The Tony Stanzas (Fully Improvised Musicals)

ChestertonIN    
8pm
    

Beyond the Paleo Window

IndianapolisIN    
5:30–7pm
    

Annual Garden Show - Master Gardeners

ValparaisoIN    
8am–4pm
    

Chinese New Year Celebration

IndianapolisIN    
10am–5pm
    

Chocolate Slide Opens

IndianapolisIN    
 – 
10am–5pm
    

Big Barn Beer Fest

HobartIN    
2–6pm
    

Daddy, Daughter Date Night

ValparaisoIN    
6:30pm
    

Film Series at the Indiana Dunes Visitor Center

PorterIN    
2pm
  

#thingstodoinindiana #indiana #indianafestival #indianafair #realestate #thingstodo #indianawinter #indianaactive