Restrictive new rules or not, some HNW clients will likely have a lower tax bill for 2018 due to elimination of the alternative minimum tax. “There’s a lot of noise in the media about the SALT and mortgage-interest deductions. What’s missing is the AMT discussion, probably because it’s too complex,” Pon said. “Review the overall tax calculation.”
Clients Buying Or Refinancing Pricey Homes Face New Tax Rules
September 4, 2018
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