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RE/MAX Chief Executive Officer, Margaret Kelly, talks about the government’s extension/expansion of the first-time homebuyer tax credit. Certain existing homeowners can now qualify for the credit and homebuyers have until April 30, 2010 to put a contract on a house. Find out more on www.remax.com and www.facebook.com/remax.
Many people reach a point in their lives where their home is too big for their current needs and too expensive to maintain. If the decision is to sell and buy something smaller, often there is a large capital gain tax to pay. This video outlines one planning technique that allows the sale of a home without a capital gains tax. The technique also creates a sizable income tax deduction, a guaranteed income for a period of years or for life and ultimately provides a benefit for your church.
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