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Tax Tips & News: property tax

3 Tax Deductions for Landlords

4 minutes read

Repairs, replacements and improvements, and maintenance

One of the main and most common deductions that landlords can claim on their tax returns is for repairs, maintenance, and improvements to their property. The IRS has published guidelines on what qualifies for this deduction. It is important to note that deductions differ for all three. Here are the differences:

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NJ & NY Ranked Worst Tax Climates For Business

2 minutes read

According to the Tax Foundation–a Washington D.C. based research firm–New Jersey & New York Sates were ranked the worst climates in the United States for business.

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