Southlake, Keller, and North Richland Hills real estate and homes for sale in Texas - The Williams' Group, REALTORS® The Williams' Group REALTORS(r) for Keller, North Richland Hills and Mid Cities, Texas real estate - NUMBER1EXPERTS™ The Williams' Group NUMBER1EXPERTS(tm) for Keller, North Richland Hills and Mid Cities, Texas real estate

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The Williams' Group, REALTORŪ, real estate agents and broker for Keller, North Richland Hills and Mid Cities Texas home listings, property and land for sale - NUMBER1EXPERT(tm)
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Johnny helped to both buy our home and to sell it when we decided to move.
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For Buyers: Keller, North Richland Hills and Mid Cities Texas home buying, real estate listings, and homes for sale in Tarrant                        County, TX
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Why Buyers Choose Us: Why homebuyers in the Southlake, Keller, and North Richland Hills area choose The Williams' Group as their Realtors
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Real Estate Tips
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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Real Estate Trivia
Q 
During what months of the year do most people move from one home to another?

A 
Most moves occur between the months of May and September.
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The Williams' Group, REALTORŪ, real estate agents and broker for Keller, North Richland Hills and Mid Cities Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

The Williams' Group
Keller Williams Realty

850 E. State Hwy 114, Suite 100
Southlake
Texas 76092
direct line: 817-328-1186
cellular: 817-366-1206
fax: 817-328-1370
office: 817-328-1424
Johnny Williams: johnwill@NUMBER1EXPERT.com
Sue Williams: suewill@kw.com

Johnny Williams has been one of the top performing agents for the past twenty four years and is dedicated to providing quality service. You will always be a priority.

CLHMS MLS REALTOR


Keller Williams Realty real estate and homes for sale in Keller, North Richland Hills and Mid Cities Texas

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