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I am a top Oregon Coast Real Estate Expert with Coldwell Banker, Gesik Realty, Inc. Lincoln City Oregon, Oregon Coast.
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Request My Free Relocation Package! Moving your family to another town or state is a major event in your life! I have helped many families and individuals relocate! Find Out More > View All Offers >
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"What Tammy's clients have to say" "Buyers snd seller of property on the Oregon Coast in Lincoln City, Depoe Bay, Gleneden Beach, Lincoln Beach, would use Tammy Ehrenfelt" "Gary & Jennifer Smith" Read Quote > View All Quotes >
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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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| Q |
What is the world's longest wall?
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| A |
The Great Wall of China, at a length of 2,150 miles, nearly three times the length of Britain. |
See More Real Estate Trivia > |
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Tammy Ehrenfelt Coldwell Banker Gesik Realty 1815 NW Hwy 101 Lincoln City, Oregon 97367 Direct: 541-992-5111 Fax: 541-994-9582 Toll Free: 800-959-7760 TammyEhrenfelt@NUMBER1EXPERT.com
I have been a Real Estate Broker with Coldwell Banker Gesik Realty in Lincoln City, Oregon for many years selling Oregon Coast homes in and around Lincoln County & South Tillamook County including Lincoln City, Depoe Bay, Gleneden Beach, Neskowin, Pacific City, Lincoln Beach, Newport, Waldport, OR as well as many other areas of the state of Oregon and have worked hard at making my business successful by taking care of my clients whether they're buying or selling real estate on the Oregon Coast. If you are looking to relocate out of the area, I have national and international contacts that I can refer you to. Just give me a call and let me know what you are looking for and "The Go-To-Girl For Real Estate" will go to work for you. 
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