Renovations Can Put Money In Your Pocket!

You likely did not have this top of mind.

Why are tax credits so intriguing? What’s the game changer? 

In contrast to deductions, tax credits reduce your tax bill by the dollar. You can reduce your tax bill by $20,000 if you donate $100,000 and obtain a 20 percent tax credit. This is Uncle Sam's pocket pocketing $20,000. There is more!

You can reduce your taxes through depreciation strategies for the remaining $80,000, and also qualify for a State rehabilitation Credit. 

The rehab credits help with allowing you to build generational wealth using State and Federal tax credits with your property.​

You want to  ensure you satisfy the  four requirements  for the historic rehabilitation credit.  We can help!

There is a 20% tax credit at the federal tax level, some states provide a 50% tax credit, which reduces your total costs by up to 70%. 

As you can see, the historic rehab credit is a lot to  consider. Please do not hesitate to  contact us  at 262-358-8297 if you want to discuss the historical Rehab credits.