
|
As your Highland County REALTOR I am committed to assisting you with all your real estate needs. Call me: 888-243-2665.
|

Request My Free Relocation Package! Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate! Find Out More > View All Offers >
|

Knowledgeable and Professional "[Thank Maureen for] the knowledgeable and professional way she represents you and her clients.” Jerry and Patricia Sinkler, Sebring, FL Read Quote > View All Quotes >
|
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
|
|
 |
Don't Forget To Request A Quick Status Report On Any Homes Or Properties That Interest You!  It can take days, weeks, or longer for changes to appear on web sites. Don't waste your time with less than current information. Request my free Status Report and find out if the homes you are interested in are still on the market, under contract, in escrow, or if the price has been reduced. The Status Report that you'll receive by email will also include other important information that has been left out or that is available to me through my professional resources, such as how long the property has been on the market, when it was last sold, what it sold for, and more. When you click on any link above, you'll see your chosen site, along with a form at the bottom of your screen. Use this form to request my quick Status Report on any homes or other real estate that interests you. It's free and without obligation. Remember: As a top Sebring, Avon Park and Lake Placid area REALTOR®, it's my job to know more about a property than any web site. Make sure you have the most current information! 
 |
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 took over 30,000 workmen to construct and is considered the second largest palace in the world?
|
| A |
The Palace of Versailles, 14 miles southwest of Paris and completed in 1682, is famous for its size and its beauty.
|
See More Real Estate Trivia > |
|
|
|
|