Don’t let these tax breaks pass you by

Many older homeowners are missing out on this big tax break If you’re an older homeowner in need of more cash, many states offer a little-known way to slash your property tax bill.  In about two dozen states, older homeowners can legally defer their property tax bills, Money magazine reports. These programs allow you to … Continue reading Don’t let these tax breaks pass you by

States benefiting the most from the new tax code

~ where does you state fall? CA is 28th on the list ~ States benefiting the most from the new tax code Take a look at how the tax overhaul affects different states In late 2017, the House of Representatives passed the final version of a $1.5 trillion tax bill, the most comprehensive overhaul of … Continue reading States benefiting the most from the new tax code

Are Tax Reforms Worth the SALT in High-Priced Markets?

~interesting read, but I wish they gave more #s to show~ Are Tax Reforms Worth the SALT in High-Priced Markets? An analysis released by real estate insights and analytics firm HouseCanary, has estimated the effects of the tax reforms bill on the housing market across major metropolitan and suburban areas (MSA) especially when it came … Continue reading Are Tax Reforms Worth the SALT in High-Priced Markets?

Real Estate Agents Mobilize to Shield Homeowners on Tax Plan

Real Estate Agents Mobilize to Shield Homeowners on Tax Plan  For decades, the real estate industry has benefited from generous tax deductions that raise home values by making it cheaper for people to own property and shoulder their local taxes. Now, as the Republican tax plan makes its way through Congress, the industry is worried … Continue reading Real Estate Agents Mobilize to Shield Homeowners on Tax Plan

GOP’s tax plan would have a huge impact on how you buy a home

~ very important ~ GOP's tax plan would have a huge impact on how you buy a home The GOP's new tax plan would deal a blow to many would-be homeowners. The 429-page Tax Cuts and Jobs Act was revealed Thursday and is being billed as a boon for hardworking middle-class Americans. But Republicans have proposed … Continue reading GOP’s tax plan would have a huge impact on how you buy a home

It Gets Stranger: How Trump’s Tax Plan Impacts Homeowners & Real Estate Investors

It Gets Stranger: How Trump’s Tax Plan Impacts Homeowners & Real Estate Investors ~ great post from a blog I follow! ~ Sound the controversy bells! Politics, economics, and real estate ahead! Except—wait a second. What is this odd intersection of liberal economic arguments and Trump’s tax proposal? Something strange is afoot. The Trump tax … Continue reading It Gets Stranger: How Trump’s Tax Plan Impacts Homeowners & Real Estate Investors

California’s property tax burden 10th worst in nation

California's property tax burden 10th worst in nation   California's 0.81 percent effective rate, by WalletHub math – that's 81 cents per $100 of assessed value – was tied for 17th lowest among the states. (Register file photo) Warning: Property taxes are due April 10. Before you search for the bill and the checkbook – … Continue reading California’s property tax burden 10th worst in nation

These states will take the most money out of your paycheck

These states will take the most money out of your paycheck <img class="StretchedBox W(100%) H(100%) ie-7_H(a)" src="http://l3.yimg.com/ny/api/res/1.2/OqjRNL4FHKkD7QtGW.Rasw--/YXBwaWQ9aGlnaGxhbmRlcjtzbT0xO3c9NzQ0O2g9NDk2/http://media.zenfs.com/en/homerun/feed_manager_auto_publish_494/ff1d3b897a95f9717729dfecbd46442f"/> Getting your first paycheck is usually followed by the question, “Who is FICA, and why are they taking all of my money?” Taxes can take a significant chunk out of your paycheck, as most workers are painfully aware, … Continue reading These states will take the most money out of your paycheck

2014 Personal Income Tax Deduction Schedule

From First Tuesday 8/30/14 California’s Franchise Tax Board released updated personal income tax deduction and credit amounts for 2014. These amounts were adjusted from 2013 rates, based on a 2.2% rate of consumer inflation. Standard personal income tax deductions are: Deduction/Credit 2014 Amount 2013 Amount Standard deduction for single or married filing separate taxpayers $3,992 … Continue reading 2014 Personal Income Tax Deduction Schedule