2018 tax reform Archives - San Diego Purchase and Refinance Loans

by Chad Baker August 17, 2021

Giving a Downpayment Gift? Here’s What to Know About the Taxes

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% of the purchase price to secure the loan.…

The (Current) Tax Code and Implications on Gift Taxes

by Chad Baker November 10, 2020 0Comments

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 you may need to pay a…

Eight Benefits of Homeownership in 2020 and Beyond!

by Chad Baker February 14, 2020 0Comments

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 debated, with people on…

Federal building under blue sky and white clouds

What’s Happened in the Past Year with Federal Interest Rates?

by Chad Baker November 9, 2018 0Comments

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 changes, which were passed before New…

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Tax Changes: Important Information for Your Personal Finances

by Chad Baker September 26, 2018 0Comments

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 bill can impact your…

Tax Deductions and Real Estate Investors: Will You Get a 20% Deduction?

by Chad Baker September 10, 2018 0Comments

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, questions about taxes remain, including…

Investment advisor reviewing information with real estate investor

Four Important Tax Changes that All Real Estate Investors Need to Know

by Chad Baker September 3, 2018 0Comments

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 code in over 30 years. …

Trying to Understand 2018 Tax Reform: Homeowners FAQ

by Chad Baker December 29, 2017 0Comments

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 to help clarify for the upcoming tax…

The Advantages of Early Payment on 2018 Property Taxes

by Chad Baker December 27, 2017 0Comments

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 law by the President…

2018 Tax Reform: What Does it Mean to Homeowners?

by Chad Baker December 6, 2017 0Comments

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 important. If…