Charles Town, Harpers Ferry and Shepherdstown real estate and homes for sale in West Virginia, new construction - Linda Kilroy, REALTOR® Linda Kilroy REALTOR(r) for Charles Town, Harpers Ferry and Shepherdstown, West Virginia real estate, new construction - NUMBER1EXPERT™ Linda Kilroy NUMBER1EXPERT(tm) for Charles Town, Harpers Ferry and Shepherdstown, West Virginia real estate, new construction
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Linda Kilroy, REALTOR®, real estate agent for Charles Town, Harpers Ferry and Shepherdstown West Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)



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Local Information: Charles Town, Harpers Ferry and Shepherdstown West Virginia home buying, real estate listings, and homes for sale in Jefferson                      County, WV
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Real Estate Tips
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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Real Estate Trivia
Q 
Where would you go to enjoy a soak in the world's largest bathtub?

A 
The Spa Resort Hawaiians in Fukushima, Japan, offers an outdoor soaking tub that occupies a total area of 10,760 square feet and can accommodate 1,500 persons at one time.
See More Real Estate Trivia >








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Linda Kilroy, REALTOR®, real estate agent and broker for Charles Town, Harpers Ferry and Shepherdstown West Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Linda Kilroy
ERA Liberty Realty

1018 Jefferson Avenue
Charles Town, WV. 25414
Office: (304) 725-1145
Cell: (304) 671-1075
Fax: (304) 728-2002
Email: LindaKilroy@NUMBER1EXPERT.com

Put Linda’s local expertise to work for you. She is committed to providing the individualized attention that each person requires. With her personal “Can do” attitude, watch Linda go the extra mile for you!

ABRCRSEqual HousingMLSREALTOR


ERA Liberty Realty real estate and homes for sale in Charles Town, Harpers Ferry and Shepherdstown West Virginia

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