How the gains from the sale of a primary residence are taxed has changed in recent years. If you have recently sold your home, or are considering doing so, you may want to be aware of some of these tax rules.
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The Biden Tax Hike Will Likely Exceed $7 TrillionAccording to the House Ways And Means Chairman Jason Smith… Hidden inside President Biden’s Fiscal Year (FY) 2025 Budget is the revelation that he will increase taxes by a whopping $7 trillion, […]
New York Clarifies Limitations On Amending Sales And Use Tax Returns: Key Insights For BusinessesThe New York Department of Taxation and Finance has recently issued guidance clarifying the rules around amending Sales and Use Tax returns. This guidance stems from previously enacted legislation […]
There Are Over 470 Tax Hikes On The Ballot In California -Tax Hikes Are Written To Confuse Taxpayers. Learn To Vote SmartWARNING: California politicians have put misleading titles on the ballot measures in the upcoming November 2024 General Election! Frustrated voters are looking for a way to make sense of it all. […]
How is 179D Tax Deduction Calculated?The 179D tax deduction is calculated based on a commercial building’s square footage and the energy cost savings achieved by improving its envelope, lighting, or HVAC systems. It’s important to note […]
California AB 3289 And Greater Transparency For Our Tax LawsCalifornia AB 3289 was enacted 7/15/24 (Chapter 124). It modifies Revenue & Taxation Section 41 which exists to improve accountability and transparency of the California tax system. Generally, […]
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