16 Nov What happens to mom’s reverse mortgage if she dies?
When a reverse mortgage holder dies, the mortgage comes due and must be paid. ...
Real Estate
12 Nov My home’s assessment went up. What about the Senior Freeze?
Several factors are considered for eligibility for this tax break....
06 Nov If I sell my home and rent instead, do I pay taxes on the profit?
You may not have to pay any tax, depending on the details. ...
02 Nov Can you avoid the exit tax if you’re over 65?
The exit tax is really an estimated tax on the sale of your home. ...
28 Oct After my husband died, how can I qualify for the Senior Freeze?
There are specific requirements to qualify for this property tax break for seniors. ...
20 Oct We’re selling our home. What will we owe in taxes?
You may be eligible for a capital gains exclusion to reduce your tax liability. ...
16 Oct What happens with taxes when this married couple sells their home?
There are two tests to pass before you can take the capital gains exclusion....
14 Oct Will the IRS know if I’m truthful about early 401(k) withdrawals?
Early withdrawals under the CARES Act must be for a COVID-19 reason. ...