Yes! I have recently passed my Broker’s exam so once the paperwork is finalized, I’ll be official!
What does this mean? It means I have a lot more liability and responsibility to myself, my client’s and the general public. It means I have more insight, understanding and education that I bring to each real estate transaction. And it means I take my profession and duties to clients seriously. I would never jeopardize my license for short term wins nor would I be oblivious to typical problems because I was uncomfortable stating the facts to you.
What does this mean to you? It means…
This care, and my promise to you starts when I introduce myself and talk about the process, it continues as I keep a watchful eye on what is happening, and quite frankly never ends.
Tax season is upon us once again, and to make it even more interesting this year, the tax code has changed — along with the rules about tax deductions for homeowners. The biggest change? Many homeowners who used to write off their property taxes and the interest they pay their mortgage will no longer be able to.
Stay calm. This doesn’t automatically mean your taxes are going up. Here’s a roundup of the rules that will affect homeowners — and how big of a change to expect.
Standard Deduction: Big Change
The standard deduction, that amount everyone gets, whether they have actual deductions or not, nearly doubled under the new law. It’s now $24,000 for married, joint-filing couples (up from $13,000). It’s $18,000 for heads of household (up from $9,550). And $12,000 for singles (up from $6,500).
Many more people will now get a better deal taking the standard than they would with their itemizable write-offs.
For perspective, the number of homeowners who will be able to deduct their mortgage interest under the new rules will fall from around 32 million to about 14 million, the federal government says. That’s about a 56% drop.
“This doesn’t necessarily mean they’ll pay more taxes,” says Evan Liddiard, a CPA and director of federal tax policy for the National Association of REALTORS® in Washington, D.C. “It just means that they’ll no longer get a tax incentive for buying or owning a home.”
Newsom’s proposal includes $7.7 billion in funding for programs and agencies related to housing and homelessness
New California Gov. Gavin Newsom revealed his proposed state budget Thursday, emphasizing $1.75 billion in new funding that would be earmarked to address the state’s severe affordable housing shortage.
During his campaign, Newsom pledged to oversee production of 3.5 million new units of housing statewide. Shortly after assuming the role of governor earlier this week, he doubled down on that commitment, calling for a “Marshall plan for affordable housing.”
The $7.7 billion set aside in Newsom’s budget for all programs and agencies relating to housing and homelessness represents a sizable increase over the $5 billion dedicated to housing and homelessness in the state’s last budget.
“We’re not playing small ball on housing,” Newsom said Thursday.
Crissi Avila will teach you how to buy smart. We’ll look at location, development, and turnover so you can spot opportunities long before most even start considering them.