2A — October 2025 — M id A tlantic Real Estate Journal
www.marej.com
M id A tlantic Real Estate Journal
M id A tlantic R eal E state J ournal Publisher, Conference Producer ..............Linda Christman VP, Conference Producer .............................Lea Christman Editor/Graphic Artist ......................................Karen Vachon Contributing Columnist ...........................Meghan Anderson & Michael Feinberg of Greenbaum Rowe Smith & Davis LLP
STATEMENT OF OWNERSHIP MANAGEMENT & CIRCULATION
(required by 39 U.S.C.3526) Title of Publication: Mid Atlantic Real Estate Journal. 2. Publication No. 22-358. 3. Date of Filing: 10/24/2025. 4. Frequency of Issue: Monthly. 5. No. of Issues Published Annually: 12. 6. Annual Subscription Price: $99.00. 7. Complete mailing address of known office of publication: 117 HMS Halsted Dr. Hingham, MA 02043. 8. Complete mailing address of the headquarters of general business offices of the publisher: Same as above. 9. Full names and complete mailing addresses of publisher, editor and managing editor: Pub- lisher, Linda M. Christman, 117 HMS Halsted Dr, Hingham, MA 02043. Editor: Karen Joy Vachon, 34 Nautical Way, Plymouth, MA. 10. Owner (if the publication is owned by a corporation, give the name and address of the corporation immediately followed by the names and addresses of all stockholders owning or holding 1 percent or more of total amount of stock. If not owned by a corporation, give the names and addresses of the individual owners. If owned by a partnership or other unincorporated firm, give its name and address as well as those of each individual owner. If the publication is published by a nonprofit organization, give its name and address). Linda M. Christman, 117 HMS Halsted Dr, Hingham, MA 02043; 11. Known bondholders, mortgagees and other security holders owning or holding 1 percent or more of total amount of bonds, mortgages or other securities. None. 13. Publication title: Mid Atlantic Real Estate Journal. 14. Issue date for circulation data below: 10/24/2025. 15. Extent and nature of circulation. A. Total no. copies (net press run) 1343, 1295. B. Paid and/or requested circulation. 1. Paid/requested outside-county mail subscriptions; 1343, 1295. 2. Paid in-county subscriptions: 0, 0. 3. Sales through dealers and carriers, street vendors, counter sale, and other non-USPS paid distribution: 0, 0. 4. Other classes mailed through the USPS: 0, 0. C. Total paid and/or requested circulation: 1343, 1295. D. Free distribution by mail: 0, 0. 1. Outside-county: 0, 0. 2. In-county: 0, 0. 3. Other classes mailed through the USPS: 12, 10. E. Free distribution outside the mail: 0, 0. F. Total free distribution: 521, 620. G. Total distribution: 1864, 1915. H. Copies not distributed: 16, 10. I. Total: 1880,1925. J. Percent paid and/or requested circulation 72.04%, 67.62%. 16. Publication of Statement of Ownership: 10/24/2025. 17. Signature and title of editor, publisher, business manager or owner: Linda M. Christman, Publisher/CEO.
Mid Atlantic R eal E state J ournal ~ Published Monthly Periodicals postage paid at Hingham, Massachusetts and additional mailing offices Postmaster send address change to: Mid Atlantic Real Estate Journal 117 HMS Halsted Dr., Hingham, MA 02043 USPS #22-358 | Vol. 37, Issue 10 Subscription rates: 1 year $99.00, 2 years $148.50, 3 years $247.50 & $4.00 single issue - plus postage
Meghan Anderson
Michael Feinberg
One Big Beautiful Bill Act: An Overview of Tax Impacts for Individuals he One Big Beautiful Bill Act (OBBBA) was signed into law on July 4, 2025. The legislation con- tains a multitude of changes to the tax law that may af- fect an individual’s personal income, estate, and gift taxes. This Alert summarizes some of those provisions. T Increased Estate & Gift Tax Exclusion Amount Taxpayers are allowed to exclude a certain amount (re- ferred to as a lifetime gift and estate tax exclusion amount) before gift or estate tax would apply. The exclusion amount in 2025 is $13,990,000. Under the Tax Cuts and Jobs Act of 2017 (TCJA), the exclusion amount was scheduled to be reduced to its pre-2018 level of $5,000,000, as adjusted for inflation, in 2026. The OBBBA has enacted a permanent in- crease, with the lifetime exclu- sion amount at $15,000,000 for
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2026, and indexed for inflation for years thereafter. Extension of Income Tax Rates and Brackets The TCJA had temporarily modified the rates and brack - ets applicable for calculating an individual’s income taxes due. For example, in taxable years beginning in 2025, the highest applicable individual income tax rate imposed is 37% for married individu- als filing jointly for taxable income over $751,600, and for single individual taxpay- ers for taxable income over $636,350 (not including heads of household and surviving spouses). The OBBBA has enacted those changes as per- manent, with certain adjust- ments for inflation for taxable years beginning in 2026, and
for years thereafter. Extension of Increased Standard Deduction The TCJA had temporarily increased the standard deduc- tion available to individual taxpayers that did not itemize on their income tax returns. While the IRS published in October 2024 standard deduc- tion amounts for taxable years beginning in 2025, the OBBBA has replaced those amounts for 2025 and adjusts each standard deduction for inflation for years thereafter. Pursuant to the OBBBA, the standard deduc- tions for 2025 are $15,750 for single individuals (and married individuals filing separately), $23,625 for heads of house - hold, and $31,500 for married individuals filing jointly (and continued on page 10A
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