Listing Details: Jerome, Hagerman and Twin Falls, Idaho Real Estate Listings & Homes For Sale Provided by BJ Ross

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<Back to Page			Property 18 of 24 Selections

Feature Property - Quiet Neighborhood-Great Sunsets

$200,000

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Address: 2713 W Northview Dr	City/ST: Hagerman, ID	Zip Code: 83332
Property Type: Single Family Home	New or Resale: Resale	Square Footage: 2032
Bedrooms: 3	Bathrooms: 2	MLS# 98371743
Property Tax: 65850

Beautiful 3 bed 2 bath home with three car garage, dining room, wood floors in family room, kitchen and Master bedroom. Relax in the whirlpool tub, nice walk-in closet in master bath, front & back porch, built in computer desks, dimmer lights throughout.

Last Updated: 11/2/2009 12:46:52 PM

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Tax Considerations >Beneficial Tax Laws

American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.

Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.

Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.

Consult your tax advisor for advice regarding your particular circumstance.

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Q	Originally incorporated under the name Georgiana, what is the oldest incorporated city in the United States?
A	York, Maine, which received an English charter in March 1642, is the oldest incorporated city in the U.S.
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BJ Ross, REALTOR�, real estate agent and broker for Jerome, Hagerman and Twin Falls, Idaho home listings, property and land for sale - NUMBER1EXPERT

BJ Ross
Canyonside Irwin Realty
700 S. Lincoin
Jerome, ID 83338
208-539-0795
Fax: 208-324-3363
bjross@NUMBER1EXPERT.com

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