This article will help you understand the basic tax implications of giving a downpayment gift. For many people, the downpayment is a significant barrier to homeownership. For most mortgages, you need roughly 5% to 10%
The downpayment for a mortgage loan is often the largest hurdle between a would-be buyer and homeownership. For this reason, many buyers receive cash gifts from relatives, using the money to jumpstart their purchase. But
The tax reforms implemented by President Trump and the United States Congress at the end of 2017 had a profound impact on people’s financial obligations to the federal government. While the reforms are still being
Right around mid-December of last year (2017), we wrote about the Federal Reserve raising the benchmark federal rate from 1.25% to 1.5%. This increase was in response to a growing economy and the then-upcoming tax
The new tax laws can be complex, so we’d like to discuss a few of the changes, as well as the impact on your finances. We are certainly not tax experts, but because your tax
If you are involved in real estate investments, you need to understand how income from your property will be taxed. While the 2018 tax reform law has created some positive changes for real estate investors,
In late December of 2017, after rounds of negotiations and votes in the U.S. Senate and House, President Trump signed into law the Tax Cuts and Jobs Act, the most significant overhaul of the national
Tax reform is one of the most important topics in real estate, finances, and personal savings. While the exact effects of the bill have yet to be seen, there are a few things we’d like
If you live in San Diego, you could save on your 2018 federal tax bill by paying early on your 2017-18 property taxes. After congress passed the new tax bill and it was signed into
It’s everyone’s favorite topic! Taxes…with a sprinkling of politics, just to keep you interested! Okay, it may not be exciting, and at times it can be confusing, disheartening, and downright frustrating, but the subject remains
Chad Baker
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