Search for: "GROSS MORTGAGE CORPORATION" Results 101 - 120 of 335
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28 Jun 2018, 8:34 am by Dan Carvajal
The home mortgage interest deduction was also scaled back so that borrowers can only deduct interest on loans with a principal balance of $750,000 (down from $1,000,000). [read post]
13 Jun 2018, 2:30 am by Colby Pastre
For each taxpayer we modeled wage income, taxable interest, ordinary and qualified dividends, long-term capital gains, business/professional income (schedule C), partnership/S corporation income (schedule E), the state and local income/sales tax deduction, the state and local property tax deduction, the mortgage interest deduction, and the charitable contributions deduction. [read post]
31 May 2018, 3:00 am by Corbin Bridge
They must derive at least 75% of their gross income from investments in real estate or mortgage on real property. [read post]
25 May 2018, 10:25 am by Kelly Phillips Erb
The good news is that medical and dental expenses survived tax reform and for 2018, the floor is back in play at 7.5% of your adjusted gross income (AGI). [read post]
24 May 2018, 6:59 am by rachel@masslomap.org
Historically alimony payments were never an “itemized deduction” but rather an adjustment to arrive at adjusted gross income. [read post]
16 May 2018, 5:40 am by Joe
As we’ve seen, there’s state income taxes, sales taxes, specialized surtaxes, corporate taxes and many others. [read post]
17 Apr 2018, 6:20 am by Dan Carvajal
Several specific changes of the TCJA – the new limits on the mortgage interest deduction, the expanded standard deduction, and the reduced personal income tax rates – reduce the value of an individual provision that allows taxpayers to deduct mortgage insurance premiums along with the mortgage interest deduction. [read post]
31 Jan 2018, 1:45 am by Colby Pastre
Individual Income Tax Conformity State and local individual income taxes account for 23.5 percent of state and local government tax collections nationwide, compared to the 3.7 percent which comes from corporate income taxes.[6] Consequently, even though the 2017 federal tax reform bill made more changes to corporate than personal taxation, the latter are of far greater significance to state government finances. [read post]
23 Dec 2017, 5:44 pm by Steven Boutwell
Corporate Tax Changes Reduced Corporate Tax Rate – The TCJA permanently reduces the corporate income tax rate from 35% to 21% for tax years starting in 2018. [read post]
18 Dec 2017, 1:18 pm by Mark Ashton
 Other adjustments to gross income that are used to calculate net income for purposes of support are similarly affected. [read post]
13 Dec 2017, 1:55 pm by Kelly Phillips Erb
After you make adjustments for above-the-line deductions (see #4), you get to adjusted gross income (AGI). [read post]
6 Dec 2017, 7:34 am by Kelly Phillips Erb
And, he “routinely diverted corporate funds for his personal use” including paying his mortgage from business accounts and taking cash out of the company on a weekly basis. [read post]