Warner Robins, Perry and Byron real estate and homes for sale in Georgia - Diane Childress and The Childress Team, REALTORS® Diane Childress and The Childress Team REALTORS(r) for Warner Robins, Perry and Byron, Georgia real estate - NUMBER1EXPERTS™ Diane Childress and The Childress Team NUMBER1EXPERTS(tm) for Warner Robins, Perry and Byron, Georgia real estate

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Diane Childress and The Childress Team, REALTOR®, real estate agents and broker for Warner Robins, Perry and Byron Georgia 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 
Who is "Fannie Mae" and why is she a big name in real estate?

A 
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
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Diane Childress and The Childress Team, REALTOR®, real estate agents and broker for Warner Robins, Perry and Byron Georgia home listings, property and land for sale - NUMBER1EXPERT(tm)

Diane Childress and The Childress Team
Golden Key Realty

2050 Watson Boulevard
Warner Robins, GA 31093
Office #: 478-929-4444
Diane's Cell: 478-714-9934
Buyer's Hotline: 478-918-6564
Fax: 478-929-2992
Toll Free #: 800-329-4445
Email: Diane@TheChildressTeam.com

“We are looking forward to being able to show you all The Childress Team can do for YOU!” Diane Childress, GRI, CRS, CSP, ABR. What makes Diane and her team stand out as leading Realtors in the Central Georgia Area? Personalized Service, Unprecedented Marketing Plan, Quick Response Time, Wealth of Knowledge, Expert Guidance, Outstanding Negotiating Skills, We ‘Really Listen’, Extensive Relocation Experience, Excellent Follow- Up and Regular Progress Reports.

ABR CRS Equal Housing GRI MLS REALTOR


Golden Key Realty real estate and homes for sale in Warner Robins, Perry and Byron Georgia

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