Jon Peters
Branch Manager
| NMLS #1065067
Branch NMLS #2317320
(361) 523-3675
jonp@cmgfi.com
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Blog posted On February 02, 2023
Tax season is the time of year that most Americans look forward to because they are expecting a refund from Uncle Sam. It may be easy to start daydreaming about a new car, a new wardrobe, or shiny new electronics, but if your goal is to become a homeowner this year, there are several ways that you can leverage your refund to reach your goal and start building wealth.
Here are 5 ways that you can use your tax refund to purchase a home:
READ MORE6 Financial Tasks to Complete by the End of the Year
Blog posted On December 21, 2022
This time of year is a whirlwind. Between preparing for the holidays, traveling, spending time with family, and hopefully squeezing in some time to relax, there’s a lot going on at the end of the year. This makes it easy to overlook some less fun, but equally important tasks like checking in on your finances. If you haven’t yet already, here are 6 things to do before the year ends to maximize your financial benefits and get ready for the new year.
READ MORETax Benefits of Owning a Home
Blog posted On October 19, 2022
Not only is owning a home a great investment for the future, but it also comes with numerous tax benefits that can help reduce the amount you owe when filing your taxes. Below are tax benefits you can take advantage of as a homeowner.
READ MOREHow to Report Capital Gains on Your Home Sale to the IRS
Blog posted On March 03, 2022
When you sell your home, you will likely come out with a profit. While most of the profit is yours, part of it will go to Uncle Sam. This is a capital gains tax. To make sure you don’t give the government too much of your profit, follow these steps when filing your capital gains.
READ MORE5 Tax Deductions for Home Sellers
Blog posted On February 24, 2022
Tax season may not be your favorite time of year, but it does come with some perks. If you currently own a home or recently sold your home, you probably qualify for some decent tax deductions this year.
READ MOREWhy Calculating Your Own Property Tax is Important
Blog posted On February 23, 2022
Paying your property taxes is an important part of being a homeowner. But just like any other tax, sometimes property taxes can overcharge. To make sure that you’re paying the right amount on your property taxes this year, it’s best to calculate them yourself.
READ MOREHow To Tackle Tax Season as a Homeowner or Home Buyer
Blog posted On February 16, 2022
Everyone’s favorite season of the year is here. Not spring, summer, fall, or winter, but something even better – tax season! The deadline for filing your federal income taxes is in mid-April, but you can start submitting them now. Over the next several months, you’ll be receiving many different documents that you will need before, during, and after you file your taxes. If this is your first time filing taxes as a new homeowner or hopeful home buyer, make sure to be on the lookout for these important documents.
READ MOREHow to Save Money While Aging in Place
Blog posted On November 03, 2021
Many working-age people dream of the day that they can someday retire on a sunny beach. But as we get older, it seems that our preferences and priorities change. According to AARP, more than 75% of adults aged 50 and above prefer to stay in their current home. It’s natural to want to stay in an area close to family and friends. However, maintaining a home in retirement can be a difficult and costly endeavor. Luckily, there are ways you can prepare for these financial adjustments.
READ MOREWhat to Do if You Missed the Tax Deadline
Blog posted On May 25, 2021
Last Monday was Tax Day – the final day you could file your income taxes. Though it typically falls on April 15, the IRS allowed Americans an extra month to complete their taxes this year, due to the pandemic. If it slipped your mind, don’t worry. Tax Day has been a little different the past two years and you might still have some options to complete your 2020 taxes.
READ MOREHow an Investment Property Can Increase Your Wealth
Blog posted On May 06, 2021
Investment properties are primarily used to generate additional income. With the money generated from rental payments you can profit every year in the form of passive income. Plus, you could qualify for significant tax benefits, increase your wealth, and diversify your investment portfolio.
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