Fairfield, Trumbull and Shelton real estate and homes for sale in Connecticut - Judy Szablak, REALTOR® Judy Szablak REALTOR(r) for Fairfield, Trumbull and Shelton, Connecticut real estate - NUMBER1EXPERT™ Judy Szablak NUMBER1EXPERT(tm) for Fairfield, Trumbull and Shelton, Connecticut real estate
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Judy Szablak, REALTORŪ, real estate agent and broker for Fairfield, Trumbull and Shelton Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)
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For Buyers: Fairfield, Trumbull and Shelton Connecticut home buying, real estate listings, and homes for sale in Fairfield                      County, CT
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Real Estate Tips
Tax Considerations >Tax Implications of Selling Your House

Most of my clients profit from selling their homes, and they often have questions about capital gains tax. When you sell your primary residence, you are not taxed on your profit if (1) you have lived in the home for two out of the last five years and (2) your gain does not exceed $250,000 as a single taxpayer or $500,000 as a married couple filing jointly. Gains above these limits are taxed at the current rate of 15% for higher income taxpayers and 5% for lower income taxpayers. In 2008 the 15% rate will continue for higher income taxpayers; while the 5% lower income rate will drop to 0% for the 2008 tax year only. On January 1, 2009, the long-term capital gains tax rates will once again be 15% and 5% through 2010. Homeowners can use this tax-free provision every two years. As set forth in the American Job Creation Act of 2004, properties converted from a 1031 exchange property into a primary residence must be held and used as a primary residence for at least five years to qualify for the tax exemption. Consult your tax accountant for more detailed information regarding your particular circumstance.

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Real Estate Trivia
Q 
What house is considered to be the first house with running water in America?

A 
John Headly's home built in Newport, RI in 1723, was equipped with an underground pipe from the nearby spring.
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Judy Szablak, REALTORŪ, real estate agent and broker for Fairfield, Trumbull and Shelton Connecticut home listings, property and land for sale - NUMBER1EXPERT(tm)

Judy Szablak
RE|MAX Heritage

765 Post Road
Fairfield
CT 06824
Direct : 203-319-1400
Toll Free: 1-888-817-7757
Fax: 203-380-8239
judy@bestagentonline.com

"Judy Szablak? We were so lucky to find her! Enthusiastic, energetic, up to the challenge, hardworking, honest, empathetic, resourceful, exceptional negotiator, she really enjoys her job, the page just isn't long enough!" and those are just some of the many typical responses from satisfied clients when asked to describe buying or selling a home with Judy in the Fairfield County area.
A lot of hard work goes into being that type of agent. Licensed since 1984, some of Judy's achievements include: Top 1% Nationally by Broker Agent News; One of just 4 Certfied Negotiation Specialists (CNS) in the state of CT; Quoted nationally on her expertise in marketing, technology, and market insights and strategies in Realtor Magazine, Real Estate Today, The Residential Specialist and Realty Times.
Judy is recognized as a leading authority on real estate in Fairfield County CT, and has set the standards for other agents to follow. When it comes to real estate agents, Judy is the best agent in town, and when it comes to the internet, Judy Szablak really is your best agent online!

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