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All agents are NOT alike! Find out why we are top real estate experts. Call us: 256-221-4081.
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Find Out About the Latest Homes for Sale First! 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 MLS. Find Out More > View All Offers >
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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.
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| Q |
What kind of home construction is considered to be the safest in seismic areas?
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| A |
Straw-bale homes in seismic zones have proven resilient enough to withstand the shock of earthquakes. |
See More Real Estate Trivia > |
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Amber Delashaw MarMac Real Estate 2114 Central Pkwy Suite A Decatur, AL 35601 Cell Phone Amber: 256-221-4081 Fax: 256-308-0828 Cell Phone Judy: 256-227-1647 amberdelashaw@NUMBER1EXPERT.com
Looking for a new home? Visit our website and click on the search all properties link and you can view everything that is listed in the North Alabama MLS. We cover Madison, Morgan, Limestone, and Lawrence counties. If you are looking for excellent customer service, timely responses, and answers to your real estate questions then you've found the team for you. Amber Delashaw has a strong background in listing and marketing properties. Our team's conversion rate on selling our listings runs at about 95% and we are steadily trying to bridge the gap to 100%. Judy Blaxton's main focus is working with buyers. She is well suited working with people relocating to the area, first time home buyers, and move up buyers. Give the Green Team a call today to acheive all your real estate dreams! 
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