|
All agents are NOT alike! Find out why I am a top real estate expert. Call me:240-832-3305.
|

Get Free Presentation On My Home Marketing. Before signing a contract with any REALTORŪ, make sure you know EXACTLY how your home will be marketed. Find Out More > View All Offers >
|
Compare three mortgages at one time.
Download TripleCalc now. It's free.
|
Jannie Meares is one of The Top
Selling Real Estate Experts Find Out More > |
|
|
 |
 |
About Annapolis: Moving to Annapolis, Maryland? Get info here... |
 |
About Bowie: Relocating to Bowie, Maryland? Get info here... |
 |
About Anne Arundel County: Planing a move to Anne Arundel County, Maryland? Get info
here... |
 |
Local Map and Links: The Best Annapolis, Bowie and Anne Arundel County Web
Sites... |
 |
Things To Do: Things To Do In Annapolis, Bowie and Anne Arundel County!
... |
 |
Natural Medicine: Learn on this page about Natural Medicine solutions in the
area.... |
 |
Pets Page: A page just for pets in the Annapolis, Bowie and Anne Arundel County,
Maryland area... |
 |
Local Events: Information about local events taking place throughout Annapolis,
Bowie and Anne Arundel County, Maryland... |
 |
School Reports: Reports for Annapolis, Bowie and Anne Arundel County schools
kindergarten, elementary, and high schools |
 |
Relocating?: Free real estate information & relocation package if you're
relocating to Annapolis, Bowie and Anne Arundel County, in Anne Arundel County
MD |

Please Sign Up For The Latest Listings and the Latest Real Estate News
 |
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 |
What characteristics must a home have to be considered a prestigious property?
|
| A |
Unique architectural design; Highly desirable location; celebrity status--owned by a well-known person. |
See More Real Estate Trivia > |
|
|
|
|