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All Forum Posts by: Miranda M.

Miranda M. has started 1 posts and replied 1 times.

Post: Buying a house in 2017 - Taxes

Miranda M.Posted
  • Miami, FL
  • Posts 2
  • Votes 0

ADVISE: I made $120,000 in 2017 and was planning to buy a house to decrease taxes. My CPA told me if I buy a home now, I'll only get a tax break for Nov and Dec. Is that the case? If so, I have $100,000 in cash I can liquidate. Aside from putting $18,000 in a 401k. How else can I use that money to get tax breaks? Thanks! PS. I won't be making the $120,000 next year.