davieswealthmanagement

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Hurricane Helene Gives Florida Extra Tax Filing Time

Florida residents get a May 1, 2025 tax extension due to Hurricanes Helene and Milton. Two hurricanes struck within weeks, prompting federal disaster declarations and automatic IRS filing extensions.

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Beach Towns Drive Florida Rent Surge

Florida beach towns are driving rent increases, surpassing the national average in early 2025. Smaller beach towns like Naples, Port St. Lucie, and North Port are seeing growing demand.

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Florida Homeowners Could See Tax Relief Under New Proposal

Republican Rep. Vern Buchanan proposes bipartisan legislation to restore and expand the expired tax deduction on mortgage insurance premiums for middle-class homebuyers, raising the income limit from $100,000 to $200,000. The deduction, active from 2007 to 2021, helped millions save on taxes. The bill aims to ease housing affordability challenges in Florida amid rising costs and cooling…

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Happy Father’s Day

Approximately 2.5 billion Father's Day cards are sent each year. Neckties have become a popular traditional gift for Father's Day. "World's Greatest Dad" is a popular Father's Day phrase. Breakfast in bed is a common Father's Day treat. Wishing a fantastic Father's Day to all the dads who strive to be the best versions of themselves. To every father figure making a positive impact, Happy Father's…

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Happy Flag Day

Flag Day is the American flag's birthday party every June 14th! Flag Day was proclaimed in 1916 but officially recognized in 1949. Talk about a late celebration! Betsy Ross, a seamstress, sewed the first flag. Imagine if designers today made flag-inspired outfits!

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How Florida’s Housing Boom Defies Climate Concerns

Despite climate change fears, Florida's housing market continues to thrive due to strong construction standards and opportunities.Strict building codes protect homes in Florida, with construction able to withstand winds up to 140 mph.

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Florida’s Housing Market: Ready for Correction?

7 counties in Florida are identified as high risk of housing market corrections, including Charlotte, Hernando, Lake, Marion, Pasco, Polk, and St. Lucie counties.Rapid population growth has led to potential overbuilding and affordability concerns in key Florida regions.

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Unlocking Financial Success: Budgeting Tips for Board Members

Effective financial planning is vital for Florida community associations during budget season. Important steps include auditing service contracts, engaging with vendors, and understanding insurance policies amid rising costs and new regulations. Establishing a quality control process helps avoid budget errors. Timely communication and early preparations prevent delays. Monitoring utility trends,…

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Best Florida Cities to Retire on a Monthly Budget of $1,800

Sebring, FL – Median mortgage: $1,288 – Home price: $200K Ocala, FL – Median mortgage: $1,329 – Home price: $235K

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Florida Bill Proposes Major Tax Breaks for Residents!

Florida's bill introduces tax exemptions for clothing, shoes under $75, and bullion under $500. Several tax holidays, including back-to-school and disaster preparedness, could return in 2025—find out how!

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Legislation would help small businesses bring new technologies to market

U.S. Senators introduced the Research Advancing to Market Production (RAMP) for Innovators Act to help small businesses commercialize technology innovations. The bill aims to enhance and streamline the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, providing faster awards, technical assistance, and market training. It has bipartisan support and…

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Florida Cost-of-Living Adjustments Will Burden Taxpayers

Bringing back Cost-of-Living Adjustments (COLA) sounds good, but Florida taxpayers may bear the burden of its costly consequences.HB 945 proposes reinstating cost-of-living adjustments for Florida pensions, reversing a policy change made in 2011.

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Make Under $200K? Trump Wants Your Taxes Gone

Trump claims tariffs could eliminate income taxes for Americans earning under $200,000 annually via new revenue. Only 14.4% of U.S. households earn over $200,000, meaning most could theoretically benefit under Trump’s proposal.

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Florida Living: 5 Must-Know Money Moves

Make a Strict Budget: Track your income and Florida-specific expenses like hurricane insurance and property taxesThink About a Retirement Plan: Take advantage of Florida’s no state income tax and invest in 401(k) or IRAs.

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Worried That Market Fluctuations Following President Trump's Tariffs Will Affect Your Retirement Savings? 3 Things to Do Now

To protect retirement savings amid market fluctuations from tariffs, diversify investments across at least 25 companies and industries or use index funds for instant diversification. Keep one to two years of living expenses in cash, especially if near retirement, to avoid selling investments at a loss. Stay the course by avoiding panic selling during dips, as markets often rebound, and consider…

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Honoring Our Nation's Heroes on Memorial Day.

This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials.

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Should Investors Wait for Rate Cuts by Year-End?

The Federal Reserve held rates steady in May 2025 amid economic uncertainty and tariff impacts.While the Fed doesn’t set mortgage rates, they’re influenced by 10-year Treasury bond yield movements.