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Will they be called Gen H?

February 1, 2008
Short for Generation Housing. Or maybe Gen SP for Subprime.

Whatever you want to call them, you can’t ignore them. There’s a new baby boomlet.

Babies_in_a_row_4

And New York Times reporter John Leland raises the question, What is the relationship between fertility and real estate?

In his article in today’s paper (here), Leland writes:

"In the wide-open mortgage climate early this decade, creative loan
products allowed more people than ever to buy homes, often a precursor
to having children. In 2006, the babies arrived — a reminder, perhaps,
that if you build it, they will toddle."

While housing analysts and economists are being cautious in drawing any firm conclusions, from a tax standpoint I can definitely see the advantages. You get the tax twofer of home-related write-offs (details in Home Sweet Homeownership Tax Breaks) and all those connected to your new chip off the old block (details in Tax Joys of Parenthood).

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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