The new tax plan has put a strict limit on the deductibility of state and local taxes (“SALT”) at an arbitrary $10,000. Unsurprisingly, this change will disproportionately affect taxpayers in high property value blue states, like California. A few weeks ago a California legislator was talking about creating a charitable fund or a structure of charitable funds to which people could pay their taxes so that they will still be tax deductible on a Federal return – and even allow them to direct their tax dollars. It seemed far fetched at first. Ironically, the path has been laid for this novel approach by conservatives, who have used it for years to allow tax payers to deduct the cost of private and religious schools. This Slate article sheds some light … Deduct this. Thanks Stefan for pointing this out! read more →
Most of us know someone who has experienced a loss in these horrible fires. Please distribute this post to those you know and on your social media. I hope the information contained here will help communities to rebuild in the long term and provide comfort in the short term.
If you have experienced a loss in the recent and ongoing fires, please click here for the Roadmap to Recovery Guide from UP. It is short and sweet and will help you do better when you are dealing with your insurance company. This guide provides essential tips I am on the board of UP, an organization that helps disaster victims rebuild their lives by helping people get the money they are entitled to from their insurance company. This guide provides essential tips and strategies to those who have experienced a loss. Insurance companies are NOT on your side as a consumer and you have to know the right things to say and do to get the coverage you have paid for – especially when there are massive unforeseen losses.
I am on the board of United Policyholders (UP), a consumer advocacy non-profit founded 25 years ago in response to the Oakland Hills Firestorm. Our organization that helps disaster victims rebuild their lives by helping people get the money they are entitled to from their insurance company. For more about UP, read on.
UP is a struggling, underfunded and very valuable organization. Click here if you can donate to help with our important work. Just providing enough money for our volunteers to get to shelters to speak to those in need of help can change lives. Please help.