Lower My Tax Now Blog

Don’t Let The Tax Tail Wag The Financial Dog

Don’t let the tax tail wag the financial dog. That was a famous saying that means don’t make financial decisions based solely on tax considerations.
Hello, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.

When clients asked me about a particular tax issue that concerns cash and tax, I always…

Can I Take Out a Roth IRA To Pay For School?

Hello, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.

Here’s a tax question, I got from one of my clients:

Can I take out an early Roth IRA distributions to help pay for my son’s college education without a tax penalty?

Great question!

In regards to a Roth IRA, you can…

Three Missed Deductions in Real Estate

Hello, this is Noel Dalmacio, your ultimate CPA at LowerMyTaxNow.

If you are a current rental investor, there is a good chance that you are not taking advantage of hidden rental deductions. Why is that? Because, the tax law is as clear as a “mud,” that’s why. On this video,…

Tax Strategies For Surviving Spouse When Selling A Home

Do you know someone that recently passed away and the surviving spouse wants to sell the home but was not sure about the tax issues?

Hello, this is Noel Dalmacio, your ultimate CPA at LowerMyTaxNow.

The $500,000 capital gain exemption that applies to married couples also applies to unmarried surviving spouses…