Taxes

Illinois Disabled Veterans Will Need to Wait a Bit Longer on the Updated Real Estate Tax Exemption

The wait has been long on this and despite hopes that the updated version would be signed and approved in 2023.  It has currently passed the Illinois House, but is still not dully signed.  Unfortunately, Illinois disabled veteran homeowners are going to wait a little longer for the legislation to be signed and, based on a […]

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Illinois Disabled Veterans Real Estate Tax Exemption Update and HB2507 Designed to Fix It

By Douglas Katz – 08/21/2023 The Illinois Disabled Veterans Real Estate Tax Exemption has been a vital support system for veterans and their families, providing financial relief by exempting their property from certain taxes. Recently, proposed changes in House Bill 2507 aimed to remove the cap on this exemption and eliminate the “cliff effect,” which

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The Illinois Disabled Veteran Real Estate Tax Exemption – A Great But Flawed Benefit

By Douglas Katz – 04/26/23 As an Army veteran and a experienced loan officer, I try and keep up to date on the benefits for my veteran and active duty clients.  In my home state of Illinois, the big one is the Disabled Veteran Real Estate Tax Exemption, which can benefit veterans with reduction or

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Beating the Tax Man on Your Real Estate Investments

By A. I. Lendberg, Edited by Douglas Katz – 03/08/23 Are you tired of Uncle Sam taking a big bite out of your real estate investing profits? Fear not, my intrepid investor! Here are some tax tips that will have you laughing all the way to the bank. Keep Accurate Records You may think of

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