Home » Archives by category » Finance ( (Page 4)
Homebuyer Tax Credit in Stimulus Package?
The current economic crisis is the result of problems in the nation’s housing markets. Efforts to boost the overall economy will be wholly ineffective if the Economic Stimulus bill that goes to the President does not include provisions focused on stabilizing real estate markets. Both the House and Senate versions include…
Home Sale Exclusion from Federal Gain Tax
In 1997 the Federal government changed the rules (which used to be just a one time income tax break for seniors) to exclude the gain on the sale of their property. The maximum exclusion is now $250,000 for a single and $500,000 for a married couple filing jointly. The general…
