|
What matters most to our clients are results. And results are what we deliver! Give us a try - you'll be glad you did!
|
Sign Up For Our eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >
|
“We wanted to take the time to let you know how much we appreciate all of your hard work and dedication in assisting us..."
Jennifer M., Brookeville, MD
Read Quote >
View All Quotes >
|
 Compare
three mortgages at one time. Download TripleCalc now. It's
free. |
The Savercool Team
is one of The Top Selling Real Estate Experts™
Find Out More > |
|
|
B.F. Saul Mortgage, Joseph Nalls
Whether you're refinancing or buying a new home, B.F. Saul offers a wide range of loan products that help make homes more affordable.
Find Out More >
View All Affiliates >
|
|
Silver Spring, Ashton and Bethesda Information:
About Montgomery County - Moving to Montgomery County? Get info here... About Silver Spring - Moving to Silver Spring, Maryland? Get info here... School Reports - Reports for Silver Spring, Ashton and Bethesda schools kindergarten, elementary, and high schools. Relocating? - Free real estate information & relocation package if you're relocating to Silver Spring, Ashton and Bethesda, in Montomery County MD. Go to Main Sitemap - Main sitemap sections include Find Silver Spring, Ashton and Bethesda Homes, For Home Buyers, For Home Sellers, Silver Spring, Ashton and Bethesda Information, Real Estate Resources, and About The Savercool Team.
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 |
Over what famous building is aircraft forbidden to fly at any time?
|
| A |
No aircraft is permitted to fly over the Taj Mahal in India. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT™ 
