To avoid considerable capital gains taxes when you sell your home, a seller must have had the home as a primary residents for two years after the date of purchase. If it's less than that, the seller will owe long-term capital gains tax of up to 15 percent plus state tax. But there are some exemptions that can help limit your capital gains.
It is easy to be concerned about the value of your home. However, it is impossible to predict what the market will be like in three years, so you should not worry about the selling price of neighboring homes affecting your property value too much. The best thing you can do to raise your home value is to keep your house and landscaping in good order.
In her May 28 show, Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.
I'll be on vacation for the holiday weekend, starting tomorrow. I'll be back Monday night, and will start posting again next week. Happy (long) Memor...
The Consumer Federation of America released the results of a new study this morning called "Exotic of Toxic? An Examination of the Non-Traditional Mor...
Capital gains tax is not necessarily owned on property that is inherited. If you inherit property and then sell it, you may qualify for a special exemption. The deceased are entitled to pass down up to $2 million in their estate tax-free.
On yesterday's show, I said I'd post the links to stories about various scams that seem to be popping up like the plague. Here they are, in no particu...
When you're paycheck isn't enough to live on or you find you need money you don't have you may decide to get a payday loan. But are payday loans a good idea? When you take out a payday loan you're usually getting an advance on your paycheck and you'll increase your debt. Payday loans often end in exorbitant interest payments and bankruptcy court because debtors cannot repay the debt.
In her May 21 show, Ilyce Glink offers her WSB listeners useful real estate advice, personal finance advice, and tips on making life just a little bit easier.
As the spring blossoms are pushing up, so are new scams emerging. There's a new scam that's operating in some parts of the country involving teeth whi...
