"Don exceeded my expectations ." "Don kept me informed about many issues as well as providing me with excellent information." "Patricia Long" Read Quote > View All Quotes >
The Don Lawyer Real Estate Team is one of The Top Selling Real Estate Experts™ Find Out More >
The Don Lawyer Real Estate Team at Keller Williams Realty
These properties presented by The Don Lawyer Real Estate Team at Keller Williams Realty.
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.
The Don Lawyer Real Estate Team Keller Williams Realty 1301 South Bowen Road, Suite 125 Arlington, TX 76013 Office: 817-213-6510 Toll Free: 1-877-515-9089 Fax: 817-764-0482 Email: donlawyer@NUMBER1EXPERT.com Email: realestatebyjoyce@gmail.com
As Tarrant County's top real estate agents, Don Lawyer and his team have made a name for themselves by providing exceptional service and expert advice. With over two decades of experience and expertise, members of The Don Lawyer Team are proven performers. If you desire the very best in personalized service, you will appreciate the reassurance of knowing there is someone to take your call if you have a question. The Don Lawyer Team stays in touch with their clients, and they do the little things right. Call or email them today!
www.arlingtontexashomes.com
is brought to you by The Don Lawyer Real Estate Team, real estate for
Arlington, Mansfield and Kennedale, Texas
- NUMBER1EXPERT 