|
|
 |
Find Out About the Latest San Diego Homes for Sale Before Anyone Else Including Pre Foreclosure and Foreclosure Homes! We add our newest homes and other real estate listings to this web site first. It can be some time before they appear in the Point Loma, Pacific Beach, North Park, and surrounding area MLS, and even later on the national listings web sites, if at all. By signing up to receive our latest listings, we'll send you an email notice instantly -- as soon as our latest homes for sale go online. You'll find out first, before other San Diego buyers. There is absolutely no obligation, and this service is free of charge. Don't miss out! Get an email as soon as our new properties come on the market in San Diego! There's no obligation, and you can stop our emails with one click. Just fill out this form to get started... 
Tax Considerations >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.
|
| Q |
Who is the world's richest living person?
|
| A |
William H. Gates, III, Chairman of Microsoft Corporation, whose wealth was estimated at $46.6 billion in 2004.
|
 See More Real Estate Trivia > |
|
|
|
|
 |
|
NUMBER1EXPERT™
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed. |
 |
|
- NUMBER1EXPERTS™ 
