Tax season. Just the words can send shivers down your spine. But if you’re a homeowner, there’s a silver lining: potential savings from home-related tax deductions!
You’ve probably heard that you can deduct the interest you pay on your mortgage, but did you know there are many other ways homeowners can reduce their tax burden?
Continue reading Home-Related Tax Deductions
California’s ballot last November had several real estate related propositions. Proposition 19 was the only one that passed. It contains a tax break that might benefit you, but it also changes another one that may cost you.
Continue reading Proposition 19: Will You Win or Lose?
As we head into a new year, the most common question I receive is, “What’s the outlook for real estate in 2018?”
It’s not just potential buyers and sellers who are curious; homeowners also want reassurance their home’s value is going up. The good news is that a strong U.S. economy, coupled with low unemployment rates, is expected to drive continued real estate growth in 2018. However, changes on the horizon could significantly impact you if you plan to buy, sell or refinance this year.
Continue reading What to Expect: Real Estate in 2018
The new tax law signed at the end of 2017 will affect all taxpayers. Homeowners should familiarize themselves with the areas that could impact them specifically. These items may require some planning to maximize the benefits.
Here are some of the tax changes that will affect most homeowners: