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Joyce's Real Estate Guides, REALTORŪ, real estate agents and broker for Evansville, Newburgh and McCutchanville Indiana home listings, property and land for sale - NUMBER1EXPERT(tm)
All agents are NOT a like! Find out why Joyce is a Top Real Estate Experts in Evansville and Newburgh, Indiana. Call 812-449-3420 and talk to Joyce.




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About Joyce's Real Estate Guides?: Evansville, Newburgh and McCutchanville Indiana home buying, real estate listings, and homes for sale in Vanderburgh and Warrick County, IN
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Joyce moved to Evansville in 1996 and earned her Indiana Real Estate License in l997. She has chosen the Evansville Area as her home and would like to invite you to do the same. Joyce is in the top 5% of realtors with well over 800+ agents, and in the top 10% Nationwide.  

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Real Estate Tips
Tax Considerations >Tax Rewards for Homeowners

The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.

Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.

The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular circumstance.

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Real Estate Trivia
Q 
What structure is regarded as the best surviving example of Pennsylvania Dutch architecture?

A 
The Georg Muller House in Milbach, PA, built in 1752.
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Joyce's Real Estate Guides, REALTORŪ, real estate agents and broker for Evansville, Newburgh and McCutchanville Indiana home listings, property and land for sale - NUMBER1EXPERT(tm)

Joyce's Real Estate Guides
F.C. Tucker Emge Realtors

7820 Eagle Crest Blvd. Suite 200
Evansville, IN. 47715
812-449-3420
812-453-2826
812-479-0801
Fax: 812-474-2111
Email: joyce@joycelawrence.com

Joyce moved to Evansville in 1996 and earned her Indiana Real Estate License in l997. She has chosen the Evansville Area as her home and would like to invite you to do the same. Joyce is in the top 5% of realtors with well over 800+ agents, and in the top 10% Nation Wide. To learn more about Joyce and her team visit JoyceLawrence.com.

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