LA main library hosts real estate workshop

A real estate workshop touting the financial benefits of installing drought-tolerant plants is scheduled 6:30 p.m. June 28 at the Los Altos main library, 13 S. San Antonio Road.

3 tips for taxes as deadline approaches

Tuesday is the deadline to file U.S. federal and state income taxes.

The Franchise Tax Board offers the following tips to help Californians take charge of their taxes before the deadline.

BBB: How to redeem gift cards when business goes bankrupt

Gift cards might seem like the perfect present for a hard-to-shop-for friend or family member, but they are not without drawbacks.

When a store goes out of business, gift cards do, too. That’s unfortunately what many Toys “R” Us customers just found out. The chain is closing its stores, and gift card holders have 30 days to use their cards.

Downtown Egg Hunt set for Saturday

The Easter Bunny plans to hide more than 4,000 candy-filled eggs along Main and State streets in preparation for the 55th annual Downtown Los Altos Easter Egg Hunt.

Hosted by the Los Altos Village Association, the Easter Egg Hunt is scheduled 10 a.m. Saturday, when a Los Altos Police squad car will signal the start with several siren blasts.

Business Briefs: March 7, 2018

Los Altos Village Association sponsors egg hunt

The Los Altos Village Association has scheduled its 55th annual Downtown Los Altos Easter Egg Hunt 10 a.m. to noon March 24.

The free event welcomes children ages 1-10 to hunt for thousands of candy- and prize-filled eggs on Main and State streets.

Realtors learn ramifications of new tax code from Los Altos CPA

At the monthly Silicon Valley Association of Realtors meeting in Los Altos, Dennis Young, CPA and partner with Young, Craig & Co. in Mountain View, discussed major changes and clarified some of the rules pertaining to the new tax law, noting that the code has “a lot of contradictions and confusion in it.”

Major changes include the new tax rates (now seven) and changes to the mortgage interest deduction. Taxpayers will no longer receive the personal exemption, but the standard deduction has doubled to $12,000 for individuals and $24,000 for joint filers. The child tax credit has increased to $2,000. The mortgage interest deduction is now capped at $750,000 for new loans made after Dec. 14, 2017. State and local tax deductions, as well as property-tax reductions, now have a total cap of $10,000, whether filing as an individual or jointly.

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