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  • Qualifications for $250,000 Sales Tax Exemption on Principal Residence

    Do I Qualify for $250,000 Home-sale Tax Break?By  Bob BrussRealty Tax Tips-Part 1: Rules for occupancy, divorce, death Suppose you could receive up to $250,000 tax-free cash. Better yet, suppose you could receive up to $500,000 tax-free. Still better, suppose you could receive this tax-free money over and over again, but not more frequently ...
    Posted to Marabeth Gildersleeve's Central Ct Blog (Weblog) by 11565 on January 22, 2007
  • 2007 Tax Changes

    2007 Tax Changes Just FinalizedPersonal exemptions and standard deductions will rise, tax brackets will widen and income limits for IRAs will increase in 2007, thanks to inflation adjustments announced  by the Internal Revenue Service. By law, the dollar amounts for a variety of tax provisions must be revised each year to keep pace with ...
    Posted to Marabeth Gildersleeve's Central Ct Blog (Weblog) by 11565 on January 15, 2007