Jun 30, 2023
We wanted to provide a newsletter about a crucial tax topic for real estate buying and selling considerations: basis. “Basis” is the amalgamation of your investment in an asset, and it will determine whether you are subject to tax on a sale.
Jun 28, 2023
The Internal Revenue Service has announced that the annual gift tax exclusion and lifetime exemption is increasing for the 2023 calendar year due to inflation. The Internal Revenue Service has announced that the annual gift tax exclusion and lifetime exemption is increasing to $12,920,000 for the 2023 calendar year due to inflation.
Feb 24, 2023
The Inflation Reduction Act (“IRA”), signed on August 16, 2022, offers taxpayers several tax savings opportunities for investments in energy efficient home and business improvements, as well as “clean” vehicle purchases.
Jan 25, 2023
On December 29, 2022, President Biden signed the SECURE 2.0 Act of 2022, enacting a variety of changes to retirement provisions. We have presented some key changes stipulated by this legislation below:
Jan 10, 2023
Realize team members partnered with the Golden Gate Audubon Society and the Golden Gate Park Conservancy to plant 240 native plants at Crissy Field to support local fauna and flora. Thanks to our Community and Wellness committee, 14 Realize team members (including our Managing Partner, Tracy Hom) spent an afternoon in service to San Francisco’s natural habitats.