With Elon Musk’s recent move to Texas, his tax bill will drop. He follows other multibillionaires—including Donald Trump and Carl Icahn—who’ve decamped from high-tax states.
An analysis of the president’s tax records show a decade of unsuccessful business activities in China.
In a few weeks, California voters will decide whether to overhaul a state property system that has stood for decades.
Tuesday’s bipartisan stimulus proposal offers another round checks and other cash assistance, but is unlikely to stop a potential housing crisis next year.
You can delay tax gains if you invest your gains in a Qualified Opportunity Fund (QOF). The tax delay lasts until you sell your piece of the QOF or December 31, 2026, whichever is sooner. And if you hold your QOF investment for 10 years, your tax bill goes away.
As the pandemic rages on, there’s speculation about how Covid is changing work, with many claims of a massive, permanent shift to working at home. But many white-collar workers will probably return to their offices.
Finances should ladder up to personal fulfillment goals and lay the foundation for the next phase of life’s journey, whatever that might be. One of the biggest challenges is knowing who to talk to about what because many financial advisors are very siloed into their areas of expertise.
The pandemic has fueled the need to jump start housing immediately, and one way to do it is by restoring the SALT deductions. The current tax law is set to expire in 2025—and that’s not soon enough for the nation’s homeowners.
Selling a house in the age of COVID-19 is tricky, but the real estate business is finding ways to move forward. A real estate lawyer answers my questions about the current state of play.