Prop 15: The California Schools and Local Communities Funding Act of 2020 Ballot Title: Increases Funding for Public Schools, Community Colleges, and Local Government Services by Changing Tax Assessment of Commercial and Industrial Property. Initiative Constitutional Amendment. Proposition 15 is a proposed amendment to the California State Constitution which would require commercial and industrial property to be taxed based on…
The passage of the U.S. Achieving a Better Life Experience Act of 2014 (ABLE) enabled millions of disabled Americans to save money without losing means-based benefits, such as Supplemental Security Income (SSI) and Medi-Cal. Currently, anyone with more than $2,000 in countable assets is ineligible for most means-based programs. Prior to ABLE, it was impossible to save funds for larger…
Disabled California residents may now open savings accounts without jeopardizing means-based benefits, such as Supplemental Security Income (SSI). SSI is a federal income supplement program that is funded by general tax revenues. Under that program, the aged, blind, and disabled with little or no income qualify for cash benefits to pay for housing, food, and clothing. However, to qualify for…
Rusty stared at the estate planning attorney, perplexed. “Why do you need a list of every song I’ve ever written, even if they haven’t been published? That sounds like a waste of time. Those are just my pickin’s, they aren’t worth anything.” The attorney peered at him through her reading glasses. “And what happens if a relative discovers a song…
The California State Controller’s Office administers the Property Tax Postponement program that allows eligible homeowners to postpone paying their property taxes on their primary residence. The program allows for the deferral of the payment and secures repayment by placing a lien on the property, or if the home is a manufactured or mobile home, by a security agreement with the…