Manayunk, Roxborough and Lafayette Hill real estate and homes for sale in Pennsylvania - Albert F. LaBrusciano, REALTOR® REALTOR® Logo - NUMBER1EXPERT™ NUMBER1EXPERT™ Logo

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Whether you are looking to BUY or SELL a property, MY EXPERIENCE + COMMITMENT = RESULTS FOR YOU! Please Call me at 215-646-2900!

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  • Why Sellers Choose Albert F. LaBrusciano - Why home sellers in Manayunk, Roxborough and Lafayette Hill choose Albert F. LaBrusciano.

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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 
From 1974 to 1996, what was the world's tallest habitable building?

A 
The Sears Towers, headquarters for Sears, Roebuck & Co., with 110 stories and 1,454 feet high.
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Albert F. LaBrusciano, REALTOR®, real estate agent and broker for Manayunk, Roxborough and Lafayette Hill, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Albert F. LaBrusciano, GRI, ASR, ABR
Keller Williams Real Estate

600 Germantown Pike
Lafayette Hill, PA 19444
Main: 215-646-2900
Cell: 215-817-0320
Direct: 215-654-6055
Fax: 215-654-6059
albertlabrusciano@NUMBER1EXPERT.com
Nxlab@aol.com

Whether you are looking to BUY or SELL a property, I can help. Please call me at 215-646-2900 or 215-654-6055 to find out how!

GRI REALTOR MLS Equal Housing ABR


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