Dave Hibbs Realtor

05/28/2026

Honoring those who made the ultimate sacrifice.

04/22/2026

04/15/2026

Baby Boomers remained the largest generational group of home buyers this year, while the share of first-time buyers fell to the lowest level on record, according to the 2026 Home Buyers and Sellers Generational Trends report from NAR.
https://www.nar.realtor/newsroom/baby-boomers-remain-largest-share-of-home-buyers-as-first-time-buying-falls-to-record-low

04/03/2026

Why is Florida real estate so hot? 🔥 Global interest, nonstop tourism and rising investor demand.

03/18/2026

📋 This is an updated version of a post I ran about a month ago on types of income the IRS does not tax.

Two items came up repeatedly in the comments: VA disability benefits and the 0% long-term capital gains rate. Both are now on the list.

VA disability compensation is 100% excluded from federal income tax regardless of the amount received. Several commenters asked about this, and it was buried in the callout box of the original post.

The 0% capital gains rate applies to long-term gains when your total taxable income stays under $49,450 for single filers or $98,900 for married couples filing jointly in 2026. That is taxable income, not gross income, so subtract your standard deduction first.

The estate tax exemption also updated for 2026. Under the OBBBA, it is now $15 million per individual or $30 million for married couples, up from $13.99 million in 2025.

One thing this list does not cover: state taxes. Several people pointed out that their state still taxes items on this list. That is correct. These exclusions are federal only, and your state rules may differ significantly.

The overtime and tips deductions are temporary. Both expire after 2028 and phase out above $150,000 MAGI, so they do not apply to everyone.

Also worth noting: "not taxable" and "not reported" are different things. Gifts over $19,000 still require a gift tax return even though no tax is owed until you exceed the $15 million lifetime exemption.