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Beneficial Tax Laws
American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.
Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.
Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.
Consult your tax advisor for advice regarding your particular circumstance.
Do These Real Estate Tips Really Apply to YOU?
We've learned these tips through years of experience as top Realtors. But we know that YOUR situation might be different. That's why we're here. It's our job to personally advise homebuyers and sellers. Ask us if any tip that we've included here really applies to your situation. If you have any questions about these tips - or other tips you may have heard elsewhere - ask us! We'll respond quickly, for free, and without obligation...
| Q |
What building has been named the 21st Century Townhouse project?
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| A |
4 townhouse in Bowie, MD made of giant foam/board panels, concrete/styrofoam block frames, steel, and aerated concrete. |
 See More Real Estate Trivia > |
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Ackerman Realty Group
A Team of Top Real Estate Professionals
2280 Satellite Blvd.
Duluth, GA 30097
770-843-4300
Fax: 678-298-6758
RogerAckerman@NUMBER1EXPERT.com
Buyers and sellers;discover the strategic advantage of honesty, dedication and trust. Roger is committed to total customer satisfaction. He has carefully put together a group of top real estate professionals to assist him in all phases of the business and transactions. Rest assured, The Roger Ackerman Real Estate Team will always be available to answer your questions and be there for you every step of the way.
Open communications daily or weekly, what ever it takes, between Roger’s team and the clients is paramount and they promise you will never be left in the dark. Roger’s team shows and proves they are Consumer Centered and Results Focused. . Roger and his team stand by a strict moral and ethical code while working for you and is a big reason why The Roger Ackerman Real Estate Team has been so successful.
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