Registration Information
Champaign County Association of REALTORS®
[email protected] or 217-356-1389

Course Description
This 3-hour course covers the tax impact of the Tax Cuts and Jobs Act of 2017 on homeowners, residential rental property owners and commercial real estate owners, lessors and lessees.  Specific information will be covered are the new rules impacting the deduction of State of local income taxes and the Real Estate Taxes as well as the changed rules regarding the deduction for Home Mortgage Interest and Home Equity Indebtedness.  The course includes detailed information on the brand new (for 2018 and later years) Qualified Business Income Deduction which amounts to a 20% OFF THE TOP DEDUCTION for self-employed individuals as well as owners of LLC’s, partnerships and S Corporations.  Finally, this course covers many of the most significant tax write-offs that self-employed and business owners can deduct, including the heavy SUV deduction, pickup truck deduction, bonus depreciation and IRC 179.