Category: Uncategorized

Change Clocks and Smoke Alarm Batteries Sunday

Change Your Clocks, Spring forward

In San Francisco we’re having a hard time believing that spring arrives soon! It seems like we haven’t seen the sun in months and rainfall records are broken almost every day. But the calendar doesn’t lie. And along with spring comes Daylight Saving Time. The only U.S. states that don’t change their clocks twice a year are Hawaii and Arizona. Here are a few timely tips (pun intended) to help get your spring off to a good start. Clocks “spring forward” one hour Sunday at 2 AM. Change the clocks before you go to bed Saturday night. Don’t forget your watches…including the ones you keep in the dresser drawer. Remember to change the clock on your car dashboard. While you’re at it, change the smoke alarm batteries. Replace the batteries in hard wired smoke alarms, too. The batteries in hard wired alarms provide backup in case of a power outage caused by things like fire or natural disasters. Check the year your smoke alarm was manufactured. It should be shown on the unit. If it’s close to ten years old, it’s time to replace it. Make sure you have the right kind of replacement batteries for your smoke alarms. And […]

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Tax Changes Affecting Upcoming Tax Returns

the latest tax changes

April 15th is tax day for most of us, and it’ll be here before you know it. Whether you fill out your income tax returns by hand, use software, or hire a professional, only you can gather the information needed. Before starting, you should be aware of tax law changes that will affect individual 2018 income tax returns. I found a great article detailing the tax changes and you don’t have to be a CPA to understand it! You’ll find the article here: The Motley Fool. A few of the tax changes There are still seven income brackets but the tax rates have changed. The standard deductible has almost doubled, but before you get too excited…. The personal deduction has been eliminated. The child tax credit has doubled. College tuition and fees are no longer deductible. Mortgage interest is still deductible, but there are limits. The amount of charitable contributions you can deduct has increased. Allowable medical expense deductions are no more than 7.5% of your AGI (adjusted gross income). Deductions for state and local taxes, including property taxes, are capped at $10,000. This may be the year to try tax software With all the changes, this might be the […]

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