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ALL AGENTS ARE NOT ALIKE! Find out why I am a top real estate expert. Call: 201-321-5735 or email me
realtorjudyh
@juno.com |
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Judy Hirshburg is one of The Top
Selling Real Estate Experts™
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 Judy Hirshburg is your top selling Caldwell, West Caldwell, North Caldwell, Essex Fells, Verona, Roseland, Cedar Grove, Montclair, Fairfield, Livingston, Montville and Wayne Expert. For more than 30 years, Judy has been consistently named a top agent in the West Essex area and is a recipient of the National Association of Realtors' Distinguished Sales Award, (10 years or more in the Million Dollar Sales Club), International Presidents Elite (top 2% of all Coldwell Banker agents worldwide) and Circle of Excellence award 1982-2009. Her strong principles, vivacious personality and keen negotiating/marketing skills, combined with her extensive knowledge of the schools, transportation and shopping in her area, make her the most valuable realtor to have on your side. Judy's proven track record enables her to service either side of your transaction, whether buying or selling. She is DEDICATED TO MEETING YOUR NEEDS and is PASSIONATE ABOUT HER WORK, and it is this dedication that delivers optimal results for her clients and achieves their highest expectations.
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Tax Considerations >Tax Rewards for Homeowners
The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.
Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.
The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular circumstance.
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| Q |
What high-profile rental property rents for $13,500 a month although the star hasn't lived there for over 20 years?
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| A |
Shirley MacLaine's name is still used to promote her Encino, CA, estate even though she hasn't lived there in years.
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- NUMBER1EXPERT™ 
