Express Homebuyers is encouraging those who are looking to sell their homes, to do so by the end of the years to potentially avoid massive tax-increases.
If a taxpayer sell assets, such as a home, that he or she has owned for more than a year and that are likely to yield large gains, the individual should consider completing the sale before year-end. Since tax rates on those gains are very likely to go up for 2013, selling by the end of 2012 could save a homeowners a ton. Under the proposed Simpson-Bowles version of fiscal reform, virtually all real-estate write-offs, including the capital gains exclusion, would disappear in a vastly simplified federal tax code. A variety of plans will be debated in Washington after the election and into 2013
Call Express Homebuyers today and we can help you sell your home in a little as 7 days.