I recently had a situation where an individual had bought their first house and took out their mortgage through Bank of America. The loan required a 3% down payment, but Bank of America granted her the funds to cover the 3%, meaning she didn’t actually have to put anything down on the mortgage. When looking into this, I found that no down payment for first-time homebuyers is becoming common. In recent decades, a large portion of the state and city governments in the country have instituted their own down payment assistance programs that first-time homebuyers can apply for. In many

One of the most common reasons taxpayers seek out professional tax help surrounds the uncertainty of which state or state(s) they need to file in, and how to fill out those returns. The federal tax return is the same no matter where you are located, but each state return is unique with its own tax system that consists of different rules, calculation methods, and deductions. Advances in technology and an increasing popularity in remote work has thrown new wrinkles into the system. There are many avenues to explore with state taxation, but what I will focus on today is the