When a California home or other real estate is sold or transferred to another person, with the exception of some limited circumstances, property taxes will increase due to triggering a reassessment of the Prop. 13 tax base. The good news is that these exemptions involve transfers and inheritances among certain types of family members. However, […]
Tax Planning
Understanding Ways The New Tax Bill Can Help Your Family
The new tax bill has been signed into law and will have a direct impact on 2018. One of the main goals for the Tax Cuts and Jobs Act was to simplify your taxes and this will be the case for many Americans. According to the Wall Street Journal, “tens of millions of wage earners, […]