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Click on a link below to learn more about buying your home.
(These are more printable versions of the articles/information for your convenience.
Just close the pop up window when you are finished.)


Long-Term Capital Gains Cuts
Housing Boom's East Bay Impact
Six Tips to Protect Yourself When Buying a Home
Taking the Home Buying Plunge
Three Steps to Buying a Home
There's no Investment Like Home
Mortgage Options
A Practical Guide to the 1031 Tax Deferred Exchange
Home Buyer Shares Way to Avoid PMI
Steps to Buying a Condo
Can home buyer cancel and get deposit refunded?
No-Cost Mortgage
Don't Let Worry Derail Your Dream Home
Homes Sales Rise in California
Common Ways to Take Title
Still Renting?

Home Buyers' Guide
Long-Term Capital Gains Cuts
Liberty Publishing, Inc.
Under JGTRRA, the long-term capital gains rate for investors in the top four brackets dropped from 20% to 15%. Taxpayers in the 10% and 15% brackets are subject to a 5% tax on long-term capital gains, reduced from 10%. These long-term rates apply to profits on the sale of capital assets held more than one year. This provision expires in 2009, when the former rate of 20% will again take effect.

Investors in the 10% and 15% brackets will experience a reprieve from long-term capital gains tax altogether in 2008, when it will be repealed for one year. In 2009, the pre-JGTRRA rate of 10% will be reinstated.

Short-term capital gains, which generally refer to investments held less than a year, have experienced no tax reform, and therefore will continue to be taxed at the investor's marginal rate.

Long-Term Capital Gains Rate Schedule
Top Four Brackets
(25%, 28%, 33%, 35%)
10% and 15%
Brackets
2004 15% 2004 5%
2005 15% 2005 5%
2006 15% 2006 5%
2007 15% 2007 5%
2008 15% 2008 0%
2009 20% 2009 10%

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