- June 5, 2024
- Posted by: Gavtax
- Categories:
Steve and his wife Bailey Powell are high income W2 earners with a few rental properties and living in Boston.
He decided to work with me on Tax Planning to SAVE on his taxes! Needless, to say we did that and SO MUCH MORE!
In the first TWO WEEKS of working together we hit some wild (and sometimes unexpected) benchmarks.
We did a Tax Analysis of his last three year’s taxes and found that for him to take the itemized deduction would be advantageous over the standard deduction. ✔
That he was completely missing out on taking mortgage interest as a deduction against his primary home. ☺
AND (this is my favorite one) Got him a free estimate of a cost seg study and showed him how he could save over $40,000 simply from getting cost segregation studies done on his two rental properties. 🎇
Steve’s quick implementation of the tax plan strategies is commendable, and I know that was one of the main reasons why our TAX PLAN was so successful! He was so receptive and open to new ideas!