Tax Smart Moves for Year-end

Tax Smart Moves for Year-end

Tax reform is creating a lot of uncertainty for most of us. However, despite the wrangling in Washington, there are a number of simple things you can do right now to reduce your taxes in 2017 and beyond. Here are a couple of ideas you might want to consider.

Some people think I’m crazy, but I love to take losses on my investments. Of course, I love gains more, but losses provide valuable tax benefits.

Tax Reform and the Home Buyer

Tax Reform and the Home Buyer

Q: I’ve been reading a lot about tax reform and frankly I understand very little of it. I am thinking about buying a new home and I am concerned that I will lose my mortgage interest deduction. Is there anything else I should worry about?

A: If you are thinking of buying or selling a home, you should pay attention to the proposed changes in the rules governing the home mortgage interest deduction and Section 121 capital gains exclusions.

How Much House Can I REALLY Afford ?

How Much House Can I REALLY Afford ?

Q: My husband and I are trying to buy a larger home for our growing family. The homes we like would be a big stretch for us financially. Our credit is good and our mortgage banker assures us we can qualify for the mortgage we would need, but it scares us. I guess my question is how much home can we really afford?

Pay Attention to Tax Reform

Pay Attention to Tax Reform

The Republican leadership in Washington is in the middle of negotiating the most comprehensive revision of the tax code since 1986. If you haven’t been paying attention to this, you probably should. The impending tax reform will most likely have a meaningful impact on your financial life.

The GOP issued a statement on September 27 that outlined four principles for tax reform. Two of these objectives have direct bearing on individuals and families

Are You Prepared?

Are You Prepared?

The tragic loss of life and property in the Sonoma and Napa fires is a reminder of how fragile our lives really are. Disasters can strike quickly and without warning. In fact, many of our beleaguered neighbors to the north were forced to flee their homes with only the clothes on their backs.

Bill and Jennifer Kastner of Napa, who lost their home in the Atlas fire, described how they grabbed documents and pictures off the walls and fled. Bill said, “I would’ve liked to think I would stay and fight it, but with 50-mile-an-hour winds and embers flying at you, it’s just not something you’re going to survive.