News & Articles

Wedding Bells and Taxes: Tax Issues to Consider Before Tying the Knot

Posted on Tue, May 16, 2017

Summer — the traditional wedding season — is just around the corner. Marriage changes life in many ways. Here's how it may affect your tax situation.

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Tags: Filing Taxes, Marital Status, Selling Your Home

Collect Tax-Free Profit From Selling Your Home

Posted on Fri, Apr 28, 2017

Whether the residential real estate market is up or down, there are always homeowners who want to — or have to — sell their homes. If you're a prospective seller making your property look like a model home in the hopes of raking in a nice profit, now is a good time to review how taxes will factor into the transaction. With the home sale gain exclusion tax break, the profit from selling your principal residence might be free from federal income taxes (and possibly state income taxes too). The rules are straightforward for most sellers.

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Tags: Federal Income Tax, Selling Your Home, Mortgage

Tax and Other Considerations When Selling Your Home

Posted on Mon, Jun 17, 2013

The prime residential real estate selling season is in full swing and 2013 looks like it could be a good time to sell, depending on your situation. Mortgage interest rates are still historically low and the National Association of Realtors reports that home sales are up, compared with a year ago.

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Tags: CPA Firm, Echelbarger, Tax Break, National Association of Realtors, Selling Your Home, EHTC, Residential Real Estate