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I just finished Taxes for last year. CA tax comes up more than twice than previous year. Simple reason: most typical Federal deduction is ignored by CA now.
REPro, do you know what changes were made in 2012 by CA? I haven't completed my taxes yet.
Already with fed AMT I can't deduct property tax or state income tax. I knew about the CA rate changes but didn't hear about deduction changes.
Always do TurboTax. Don’t go into details. However with almost same income and deductions vs. previous year, AGI (base for calculating tax) for CA ended up 35%. That’s sneaky changes. CA budget has to be closed somehow.
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Now that super low interest rates are baked into payments, the top is forming in pricing. I know that one month does not make a trend, but one would expect stronger sales with prices increases that we had and we did not get it.
http://dqnews.com/Articles/2013/News/California/Bay-Area/RRBay130314.aspx