Call (925) 307-5454

2018 Tax Reform Outlook

2018 Tax Reform Outlook

The Republicans are coming off a win with the historic year end passage of their Tax Cuts and Jobs Act. However, there won’t be much time for them to rest on their laurels as there is a lot that Congress needs/wants to get done before the inevitable slow-down that will occur as early as late spring in advance of the 2018 mid-term elections.

(more…)

Continue Reading

How To Prepare And Minimize Your Taxes Now

2017 Is Almost Over

From CNN:

With little less than four weeks — and just 12 scheduled legislative days left — and the 2018 midterm elections looming, Republicans must not only pass their contentious tax overhaul and avert a government shutdown, but also reauthorize other federal programs that are fraught with politics.

Here at Palma Financial Services, Inc., we pay attention to this stuff so you don’t have to. And when (if) something gets actually passed, we’ll be right here to help you weed through what it might mean for you, your family, and your taxes.

(more…)

Continue Reading

Trump’s Tax “Reform” Plan Will Hammer Californians

How could any member of the California Congressional Delegation think this plan is good for the Golden State?

Here at Palma Financial Services, Inc., we are mostly concerned about the proposed elimination of deductions for state and local income taxes, the capping of property tax deductions at $10,000.00 and the House plan’s limits on mortgage interest deductions. The write-offs are common in high-tax regions, such as the greater San Francisco, Bay Area.

(more…)

Continue Reading
Close Menu
Translate »
Scroll Up