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The Barb Bottitta Team welcomes you!
Buyers - Search all Lehigh Valley homes! Save your searches & get instant e-mail alerts.
Sellers - Here's why you will want us to help sell your home and how we will help you sell it!
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Here are tax tips for past and future clients |
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Selling or Buying a home can be an intimidating process. How much is this home actually worth? What type of inspections are necessary? What are the current mortgage rates and how will they affect your ability to sell or buy? For the answers to these questions or to learn more about what's happening in the Lehigh Valley real estate market, e-mail us or call the Barb Bottitta Team of Lehigh Valley Home Experts at (610) 398-8408. No web site, large or small, can take the place of a top REALTOR®. Not even this one! This site is filled with ways that you can contact us for one-on-one expert help and advice. That's our job. Contact me with confidence! I guarantee your privacy will be respected. And I offer the services on this site for free and without obligation. WHY? I want you to learn about and choose to work with the best Real Estate team in the Lehigh Valley, The Barb Bottitta Team. Buying or selling a home is one of the biggest events in your life. As a top Lehigh Valley REALTOR®, I have over 20 years of experience and hundreds of repeat clients - please click here to view a sampling of "Quotes from my Clients." Whether you need to buy or sell a home or just have questions, please call on me and my Team of Lehigh Valley Real Estate experts. Barb Note: Photos used on this homepage are copyrighted by local photographer, Hub Willson.  |
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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 |
Where is the world's largest dome?
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| A |
The Louisiana Superdome, with a diameter of 680 feet, is located in New Orleans, Louisiana. |
 See More Real Estate Trivia > |
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 The
data relating to real estate for sale on this web site comes in part from the
Internet Data Exchange of the Lehigh Valley Association of REALTORS Multiple
Listing Service. Real Estate listings held by brokerage firms (licensees) other
than Keller Williams Real Estate are marked with the IDX logo and detailed
information about them includes the name of the listing brokers. The
information being provided is for consumers personal, non-commercial use and
may not be used for any purpose other than to identify prospective properties
consumers may be interested in purchasing. |
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- NUMBER1EXPERT™ 
