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Author Archives: Zack Tolmie

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New Jersey Finds a Tax Loophole for Homeowners

Real Estate, Tax, UncategorizedBy Zack Tolmie04/23/2018Leave a comment

The State of New Jersey is working on a loophole for the new tax bill. Under current law, property taxes over $10k are not tax deductible. However, New Jersey may make these taxes a ‘charitable’ expense, which would be tax deductible. Other states, including California, Nebraska, Virginia, and Washington are considering similar “workaround” legislation, according to…

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