by Brandon Miller on Sep 9, 2020
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by Brandon Miller on Apr 20, 2018
by Brandon Miller on Mar 9, 2018
Have you routinely itemized your federal tax deductions? In 2018, you may decide to take the standard deduction instead. One possible reason: the new limit on state and local tax deductions set by the federal government.
by Brandon Miller on Feb 16, 2018
Let’s face it. The cost of owning a home in the Bay Area is crazy high. We pay taxes on top of taxes—at some of the top rates in the nation. Our state taxes alone are the highest of any state in the Union, according to the Federation of Tax Administrators.
But every April 15, homeowners could find a little relief in the form of tax deductions. We could deduct the full amount paid for personal (non-business) state and local property taxes. And that was on top of being able to deduct every dime paid in state and local income tax.
Ah, the good old days.
by Brandon Miller on Jan 16, 2018
The President called the new tax law a “big, beautiful Christmas present” for Americans. Now that we’ve had a little time to unwrap the impact of the new tax code, let’s see if you got a shiny diamond—or a lump of coal.
Here are some of the major changes: