Posts Tagged ‘Tax’
What Is a MUD in Real Estate? Texas MUD Tax Guide
Key takeaways A Municipal Utility District, or MUD, provides water, sewer, drainage, and infrastructure in areas that lack city utilities. Homes in a MUD include a MUD tax that helps repay bonds issued to build public infrastructure. M...
Property tax relief for homeowners affected by wildfires
Why this article is important: As wildfire seasons become more destructive in our changing climate, legislatures are trying to keep up. A new law extends Prop 13 benefits for homeowners rebuilding after 2025’s devastating wildfire season. Pro...
Home Sale Tax Timeline: What You Need To Know
If you’ve been wondering how long you have to buy a house after selling one to avoid a tax penalty, you’re dealing with a widely circulated, but outdated belief. The idea that you must purchase another home within a specified window a...
Tax bracket updates for 2026
The Internal Revenue Service (IRS) has announced new tax rates and standard deductions for 2026, adjusted for inflation by various CPI gauges.The new tax rates for income earned in 2026 are:10% for joint filers with incomes of $24,800 or le...
Tax aspects advice | firsttuesday Journal
Why this matters: Tax aspects are basic to the sale or ownership of real estate. When applicable, income taxes have significant financial impact on sellers and buyers of real estate. This article explains how to offer tax advice when appropriat...
Looking to boost housing construction, lawmakers seek to overhaul L.A.’s “mansion tax”
Lawmakers in Sacramento unveiled a proposal this week to overhaul Measure ULA, the so-called “mansion tax” in Los Angeles, as part of a larger gambit to keep a statewide tax cut measure from making it onto next year’s ballot.The legislat...
