Category Archives: Government Laws

It’s Labor Day!

Celebrating American workers!

First United States Labor Day Parade, September 5, 1882 in New York City.

First United States Labor Day Parade, September 5, 1882 in New York City.

“Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country” (“History of Labor Day.” Department of Labor. https://www.dol.gov/general/laborday/history).

Enjoy the holiday! (Perhaps with a San Diego event?)

Thank you for working so hard to make our country an even better one!

Money Monday: Financial perks for veterans

As a thank you for their huge service to our country, our veterans have financial perks.

  1. flagSchool loan — Vets get 36 months of educational expenses paid through the G.I. Bill. But, you can also transfer that benefit to family–as long as you sign up to serve four more years from when you sign up for it (Time.com/money).
  2. Housing mortgage —  As a veteran, a VA loan allows you to get a no-down-payment, competitive-rate home loan.
  3. Business coaching — Veterans Business Outreach Centers offers boot camps and free resources for entrepreneurs.

This information is from Time; view their article on this topic here: time.com/money/3567560/vet-benefits-business-school-housing

2016 Laws for Homeowners & Renters

Some new laws to note for 2016

hand house keyMold(SB 655)
Mold must be cleared from any rentals or criminal penalties could be filed against the landlord. A health department official must visit the property and declare it unfit to qualify for filing court charges against the landlord. Law also says the tenant could be liable if was their fault due to inappropriate housekeeping practices.

Clotheslines(AB 1448)
Landlords and homeowner associations must allow renters or residents to put up a line or rack to dry their clothes. They can not attach it to the building without the Home Owner association or landlord’s permission.

Pesticides(SB 328)
Landlords must tell residents 24 hrs before application, what pest is being sprayed, what kind is being used, and alert to warnings about the toxicity of the product.

Fake Grass(AB 349)
Home Owner Association Guidelines are no superseded to allow homeowners to put in artificial turf, rocks, or something else that doesn’t need as much water, like cacti.

Money Monday: How you’ll benefit from the new tax deal

Parents, low-income families, students, teachers and mass commuters are among those who will benefit from a $760 billion tax deal that was signed into law on December 11, 2015.

taxes“The deal, which was combined with a $1.1 trillion spending package for 2016, is dominated by business tax breaks. But it also includes more than $250 billion worth of tax breaks for individuals”:

  • Bigger refund when you have kids.
  • More generous tuition tax credit.
  • Higher refund for low-income working families.
  • Fairer treatment for mass transit commuters.
  • Permanent deduction for residents of states without income taxes.
  • Teacher deduction made permanent.
  • Deduction for mortgage insurance premiums.
  • Income exclusion for mortgage debt that’s been forgiven.
  • Tuition tax deduction.

All information is from CNN Money; read the full article here: “How you’ll benefit from the new tax deal”.

 

Don’t Miss these Tax Deductions

upside-downFrom mortgage interest to property tax deductions, here are the tax tips you need to get a jump on your returns.

Owning a home can pay off at tax time.

Take advantage of these homeownership-related tax deductions and strategies to lower your tax bill: Continue reading

9 Easy Mistakes Homeowners Make on Their Taxes

moneyDon’t rouse the IRS or pay more taxes than necessary — know the score on each home tax deduction and credit.

As you calculate your tax returns, be careful not to commit any of these nine home-related tax mistakes, which tax pros say are especially common and can cost you money or draw the IRS to your doorstep. Continue reading

First-time Buyers to Benefit from FHA Insurance Rate Cut

It should be the perfect moment for first-time buyers—the missing link in the housing recovery—to enter the market. Houses are selling, prices are rising, foreclosure rates are down, and interest rates have maintained historically low levels—yet they have not jumped in. With its recent moves, the Obama administration is trying to entice them. Continue reading

HOAs May be Forced to Allow Artificial Turf

A proposed bill by the San Diego County Water Authority, if approved, would mean that California state’s HOAs would have to allow artificial turf lawns in their communities.

artificial grassCurrently, only a small percentage of California’s 47,000 homeowners associations permit owners in their communities to install the synthetic grass. Continue reading