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

California measure could spur more seniors to sell homes, easing the state’s housing crunch

California measure could spur more seniors to sell homes, easing the state's housing crunch A California voter measure that expands the portability of a property tax break for homeowners age 55 and up could help ease the state's housing shortage. Supporters say passage of the measure could encourage older homeowners with larger homes to downsize … Continue reading California measure could spur more seniors to sell homes, easing the state’s housing crunch

37 states that don’t tax Social Security benefits

~ useful tidbits in case you didn't know and are getting ready to start collecting~ Most states exempt Social Security from state taxes Some retirees are surprised to learn that Social Security is taxable. The federal government taxes up to 85% of your benefits, depending on your income. Most states, however, exempt Social Security from … Continue reading 37 states that don’t tax Social Security benefits

Tax Strategies for the Savvy Real Estate Investor

~ Tax season is coming up. Hopefully this book can help you out!~ Tax Strategies for the Savvy Real Estate Investor

The size of your tax refund depends on where you live

~this is interesting~ The size of your tax refund depends on where you live Last year, the IRS sent $324 billion back to taxpayers. Nearly eight out of 10 received a tax refund worth an average of $2,895. SmartAsset analyzed 2016 data from the IRS to find the average tax refund in each state and … Continue reading The size of your tax refund depends on where you live

How your taxes will change under the GOP tax plan depends on many factors

How your taxes will change under the GOP tax plan depends on many factors President Trump has hailed the GOP tax plan as a "giant tax cut" for the middle class. While many people will pay less tax in the next few years, just how much less will vary greatly. Plus, some individuals will end … Continue reading How your taxes will change under the GOP tax plan depends on many factors

The 5 breaks you’ll miss most if the GOP tax bill passes

The 5 breaks you'll miss most if the GOP tax bill passes Get ready to lose a handful of your favorite tax breaks under the GOP tax bill. The legislation, known as the "Tax Cuts and Jobs Act," doubles the standard deduction from its current levels of $6,350 for singles and $12,700 for married couples … Continue reading The 5 breaks you’ll miss most if the GOP tax bill passes

Best to buy or rent a home under the GOP tax plan?

Best to buy or rent a home under the GOP tax plan? Thanks to generous tax deductions, it has long been cheaper over the long term to buy a home than to rent. The tax bill winding its way toward a vote in Congress will curb those breaks, but odds are many owners will still … Continue reading Best to buy or rent a home under the GOP tax plan?

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