Chino Hills, Rancho Cucamonga, and Fontana real estate and homes for sale in California - Gail Eye and Rachel Bird, REALTORS® Gail Eye and Rachel Bird REALTORS(r) for Chino Hills, Rancho Cucamonga, and Fontana, California real estate - NUMBER1EXPERTS™ Gail Eye and Rachel Bird NUMBER1EXPERTS(tm) for Chino Hills, Rancho Cucamonga, and Fontana, California real estate
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Gail Eye and Rachel Bird, REALTORŪ, real estate agent and broker for Chino Hills, Rancho Cucamonga, and Fontana California home listings, property and land for sale - NUMBER1EXPERT(tm)
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Real Estate Tips
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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Real Estate Trivia
Q 
What is the largest home in Hollywood?

A 
The largest home in Hollywood is currently "The Manor" at 36,500 square feet, built by T.V. producer Aaron Spelling for $37 million.
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Gail Eye and Rachel Bird, REALTORŪ, real estate agent and broker for Chino Hills, Rancho Cucamonga, and Fontana California home listings, property and land for sale - NUMBER1EXPERT(tm)

GAIL EYE & RACHEL BIRD
RE/MAX MASTERS REALTY

14760 Pipeline Ave.
CHINO HILLS, CA., 91709
Gail Eye Phone: 909-203-0272
Rachel Bird Phone: 909-202-3398
Fax: 909-364-8462
Email: GailandRachel@NUMBER1EXPERT.com
Email: gailandrachel@msn.com

The team of Gail and Rachel have won the distinction of being honored as the TOP real estate agents for their company in sales and customer service for the last 7 years. Their combined 50+ years of experience makes them The Right Choice for all your real estate needs.

MLSREALTOREqual Housing


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