• COOPER, MOSS, RESNICK, KLEIN & Co
    Certified Public Accountants
    15165 Ventura Boulevard, Suite 330
    Sherman Oaks, CA 91403
  • Phone: (818) 728-9868
    Fax: (818) 728-9822
    Email us here.
    admin@cmrkcpa.com

TCJA Series: $10,000 Limit on State and Local Taxes

Dear Client: Next in our series about changes from the Tax Cuts and Jobs Act (TCJA): There are new limits placed on individual itemized deductions for various kinds of non-business taxes, beginning January 1, 2018. Before the changes were effective, individuals were permitted to claim the following types of taxes as itemized deductions: state, local, […]

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TCJA Series: Home Mortgage Interest Deduction Under the New Tax Law

Dear Client: Next in our series detailing changes resulting from the Tax Cuts and Jobs Act (TCJA), new rules for deducting home mortgage interest: Deductibility of interest on “acquisition debt.”  Taxpayers may deduct interest on mortgage debt that is “acquisition debt.” Acquisition debt means debt that is: (1) secured by the taxpayer’s principal home and/or […]

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