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Want Ultimate Marketing Exposure for your listing? Contact The Romanski Group today at (765) 532-6148.
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Buyers Want Your Home for as Little as Possible.
Are you thinking of selling your home? You should know exactly what it's worth before making such an important decision.
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Lafayette, West Lafayette and Purdue University Information:
About Lafayette, West Lafayette and Purdue University - Moving to Lafayette, West Lafayette and Purdue University, Indiana? Get info here... School Reports - Reports for Lafayette, West Lafayette and Purdue University schools kindergarten, elementary, and high schools. Relocating? - Free real estate information & relocation package if you're relocating to Lafayette, West Lafayette and Purdue University, in Tippecanoe County IN. Go to Main Sitemap - Main sitemap sections include Find Lafayette, West Lafayette and Purdue University Homes, For Home Buyers, For Home Sellers, Lafayette, West Lafayette and Purdue University Information, Real Estate Resources, and About Erin Romanski and the Romanski Group.
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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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| Q |
Which nation, fueled by an oil and manufacturing boom, claims the world's longest building?
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| A |
The "Linear City" of Malasia is currently the longest.
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 See More Real Estate Trivia > |
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The Romanski Group
Keller Williams Realty
22 Executive Drive
Lafayette, IN 47905
Direct: 765-532-6148
Fax: 765-588-4841
Email: erin@romanskigroup.com
“We not only want to meet your expectations, we want to exceed them.” When we agree to work together, we pledge to you a superior level of service that is prompt, efficient and courteous! We want our clients to enjoy their real estate transactions and refer to us as their Realtors for life!
Erin Romanski is a licensed Realtor in the State of Indiana.
   
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