|
All agents are NOT alike! Find out why I am a top real estate expert. Call me: 937-654-SELL.
|
 Compare three mortgages at one
time. Download TripleCalc now. It's free. |
|
|
 |
Find Out About the Latest Homes for Sale First!
I add my newest homes and other real estate listings to this web site first. It can be some time before they appear in the MLS.
Find Out More >
View All Offers >
|
|
 |
|
For Home Sellers:
Why Sellers Choose Jon Murray - Why home sellers in Kettering, Dayton and Centerville choose Jon Murray. Free Presentation - Free in-home listings presentation on marketing your Kettering, Dayton and Centerville, in Montgomery County Ohio property. Property Valuation - How much is your Kettering, Dayton and Centerville home worth? What Did That Home Sell For? - What did that Kettering, Dayton and Centerville, Ohio property or other real estate sell for? FSBO - Selling your Kettering, Dayton and Centerville real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Kettering, Dayton and Centerville Homes, For Home Buyers, For Home Sellers, Kettering, Dayton and Centerville Information, Real Estate Resources, and About Jon Murray.
Please Sign Up For The Latest Listings and the Latest Real Estate News
Tax Considerations >Taxpayer Relief
Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate.
The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.
Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.
Consult your tax advisor for advice regarding your particular circumstance.
|
| Q |
What building has the largest windows in the world?
|
| A |
The Palace of Industry and Technology in Paris, France has three matching windows, each 715 feet high and 164 feet wide and comprised of multiple panes of glass.
|
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT 
