Northwest Houston, Cypress and Harris County real estate and homes for sale in Texas - Dawn Fore, REALTOR® Dawn Fore REALTOR(r) for Northwest Houston, Cypress and Harris County, Texas real estate - NUMBER1EXPERT™ Dawn Fore NUMBER1EXPERT(tm) for Northwest Houston, Cypress and Harris County, Texas real estate

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Dawn Fore, REALTORŪ, real estate agent and broker for Northwest Houston, Cypress and Harris County Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

 
 
 
 
 
 
 

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Real Estate Tips
Tax Considerations >Taxpayer Relief

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.

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Real Estate Trivia
Q 
What site discovered in 1965 is considered the world's oldest known habitation?

A 
The Terra Amata site in Nice, France has the remains of 21 huts belonging to the Acheulian culture from 400,000 years ago.
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Dawn Fore, REALTORŪ, real estate agent and broker for Northwest Houston, Cypress and Harris County Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Dawn Fore
RE/MAX Lakeland

17920 Huffmeister, Suite 140
Cypress
Texas 77429
Direct: 832-220-1221
Mobile: 281-731-7399
Fax: 281-304-9503
DawnFore@Remax.net

Dawn Fore is a licensed real estate broker in the state of Texas and a member of the prestigious RE/MAX Chairman's Club and RE/MAX Hall of Fame. Ranked among the top 25 Houston Residential Real Estate Teams in 2006 and 2007 by the Houston Business Journal. Now a Broker Owner of Cypress Texas' newest RE/MAX office, Dawn is currently interviewing and mentoring new agents. If you are a Realtor and are interested in working among successful, highly motivated agents, please call for a confidential interview.

Equal HousingMLSREALTOR


RE/MAX Lakeland real estate and homes for sale in Northwest Houston, Cypress and Harris County Texas

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