Archive - June 2021

1
Update on the Enhanced Child Tax Credit
2
4 Things You Need To Consider Before Purchasing A Rental Property

Update on the Enhanced Child Tax Credit

Earlier this year in April, I wrote about the changes Congress made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was enacted in March 2021, the child tax credit:

  • Amount has increased for certain taxpayers
  • Is fully refundable (meaning you can receive it even if you don’t owe the IRS any taxes)
  • May be partially received in monthly payments

The new law also raised the age of qualifying children to 17 from 16, meaning that more families will be able to take advantage of the credit for at least …

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4 Things You Need To Consider Before Purchasing A Rental Property

Contrary to popular belief, real estate investing isn’t all HGTV flower boxes and passive income filling your bank account. Whether you’re purchasing a single-family home, duplex, or commercial property, managing a rental property is a huge financial and personal undertaking.

 Before you dive headfirst into a real estate project, you’ll want to do your homework.

So what factors should you consider?

Rental Properties Are Highly Concentrated Assets

Investing in rental properties will likely tie up a significant portion of your net worth in one place. A quick google search will show you all the millionaires and billionaires who got

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