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Click on a link below to learn more about Selling your home.
(These are more printable versions of the articles/information for your convenience.
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Long-Term Capital gains Cuts
Preparing for a Home Inspection
Housing Boom's East Bay Impact
Price and Sentiment
Tips for Showing Your Home in the Fall
Real Estate Marketing Goes High Tech
Home Inspections: Picky or Prudent?
Savvy Investor wants to "double dip" on $250,000 tax exemption
Lower Stress While Selling a House
Three Steps to Selling a Home
Tips for a smooth home sale
Capital Gains: The Two Year Rule
A Practical Guide to the 1031 Tax Deferred Exchange
Homes Sales Rise in California
Seven Steps to Make a House Sell For Top Dollar
Seller Dos & Don'ts

Home Sellers 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10% and 15% brackets will experience a reprieve from long-term capital gains tax altogether in 2008, when it will be repealed for one year.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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