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site design by digitalstoryteller.io
California Property Tax Deferment
/in Tax Tips - Individual/by Betty KimProperty owners in California can apply for property tax deferment for the 2021-2022 tax year. The CA Property Tax Postponement (PTP) Program is administered by the Controller’s Office. It allows qualified homeowners to postpone the property tax on their primary residence. Applicants must be seniors, blind, or have a disability and meet certain income and […]
Selling a home: Will you owe tax on the profit?
/in News, Tax Tips - Individual/by Betty KimMany homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% over July of 2020. The median home price was $411,200 in the Northeast, $275,300 in the Midwest, $305,200 in the South and $508,300 in […]
Is your parent moving into a nursing home?
/in News, Tax Tips - Individual/by Betty KimLong-term care, including nursing home care, can be very expensive. Fortunately, there may be tax breaks if your parent is moving into a nursing home. One of our top, long-time clients is a national leader in developing and managing Class A senior housing communities and we feel very privileged to work with them. Here are […]