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We’re often asked ”Does my living trust need to file a separate tax return?” The answer depends on the type of trust you have and how it’s structured…
5/29/2025 Mega Backdoor Roth IRA’sIf you're a high-income earner looking to boost your tax-advantaged retirement savings, the Mega Backdoor Roth IRA could be a powerful tool, but only if your employer plan allows it…
4/24/2025 Planning for Budget KillersWe’re nearly 1/3rd of the way through 2025, so now’s a good time to do a checkup on that budget, and plan ahead for those items that may sneak up on you the rest of this year…
It’s still a tough buyer’s market! However, there are ways to give you and your Realtor a better chance at getting your offer accepted. Here’s how we can successfully help you do just that…
4/10/2025 Where Your Tax Money is GoingIt’s safe to say we all don’t like paying taxes. With tax season wrapped up, you might be wondering: Where exactly is all that tax money going?
3/6/2025 CA Fire & TaxesFirst off, our condolences to all those impacted by the fires in California. We wanted to provide tax updates as it relates to those affected…
2/27/2025 Social Security Fairness Act PayoutsThe Social Security Fairness Act was signed into law on January 5, 2025. Read below to see how this may affect you if you receive a pension…
2/20/2025 6 Reasons to File Taxes Early2/5/2025 Tax & Financial Data for 202512/18/2024 Annual Home Loan Limit Changes2025 will see another increase in limits for conventional home loan limits, which can be very helpful for those considering new financing on a home…
12/12/2024 Year-End Tax Items11/14/2024 Common Home Title Vesting OptionsThere are many considerations when deciding how you’ll hold title on your home. Below are some common ways to hold title…
11/7/2024 Milestone Birthday Financial Tasks10/15/2024 Tax Planning on HoldYear-end is always a popular time for folks to consider their tax planning and corresponding moves. This year may be different…
Just over three weeks ago, the Federal Reserve (FED) cut interest rates by .50%. However, since that time, mortgage rates have notched up by .50%. So why did rates increase after the FED decreased rates?
9/12/2024 HELOC or Home Equity Loan?Homeowners looking to access home equity have a number of possibilities, including a cash-out refinance on their existing loan, or deciding between a HELOC and a Home Equity Loan. Which should you choose?
9/5/2024 83b Election on Stock OptionsFolks with stock options often have their employers present them with an 83b election option. What is a Section 83b election and should you file one?
8/8/2024 Better Rates Ahead?We’ve all been waiting for interest rates to fall. It’s taken longer than most expected. But are there greener pastures ahead?
There’s a new reporting requirement businesses need to comply with in 2024. See below for details and how this may apply to you…
Where you choose to buy a house is one of the biggest choices you’ll make in life. Below are 10 considerations when selecting your new neighborhood…
The current stock market rally presents opportunities for tax-gain harvesting. See below for details on this strategy…
5/23/2024 FDIC Insurance Limits to KnowThe Federal Deposit Insurance Corporation (FDIC) is an agency of the U.S. government that protects bank depositors against loss of their insured deposits if an FDIC-insurance bank or association fails. It’s important to know how your FDIC-insured funds are protected…
5/16/2024 Taxes on Roth IRA WithdrawalsRoth IRA’s have very specific rules in regard to the handling of taxes on withdrawals. There are several nuances to be aware of before taking distributions…
4/25/2024 Get Home Loan for Tax Deduction?We’re often asked “Should I get a home loan/mortgage for an added tax deduction?” While this question has many layers, most often the answer is that you should not. We dive in deeper below…
For tax purposes, donations are essentially grouped into two categories: 1) Monetary 2) Non-Monetary (property). Each are handled differently when it comes to your tax return reporting…
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