Qualified Opportunity Zones are a newer feature of the tax code following 2017’s Federal Tax Reform. There are distinct advantages to this opportunity for real estate investors, but as with any investment strategy - buyer beware before jumping all in.
Though 2018 Tax Season is still upon us, it may be important for some to understand what their 2019 tax liability could look like. To arrive at this point, an estimation as to the amount and nature of taxable income, among other factors, is required. While it is early in the year, it is never to early to gain a preliminary understanding of some basic tax-rates impacting individuals and the various points at which the rates change. Below are the 2019 Federal Income Tax Brackets and Rates for Single Individuals and Married Individuals Filing Jointly.
Married Filing Jointly
Owners of qualified small business stock (QSBS) as defined under Section 1202 of the Internal Revenue Code are presented with unique opportunities to avoid unnecessary taxes when liquidating their position. Proper Tax and Financial Planning can make the difference between significant tax savings or a lost opportunity.