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
~ 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
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
States Where Americans are Paying the Most Taxes In the U.S. federalist system, each state government decides how to generate revenue -- that is, which taxes to collect, and how. No state tax code is identical and, largely as a result, what the average American pays annually in taxes varies from state to state. 24/7 … Continue reading States Where Americans are Paying the Most Taxes
~ 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 season is coming up. Hopefully this book can help you out!~ Tax Strategies for the Savvy Real Estate Investor
~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
~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?
New tax laws may kill the beach house dream Dreaming of a beach house? You might want to think twice about that, given tax changes that just kicked in will make owning a vacation home more costly and may tank the resale value of the second-home market. Prices could drop about 10 percent in some … Continue reading New tax laws may kill the beach house dream
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
Renae Walker ~ Realtor 