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 Our reputation is built on exceeding our client's expectations. We offer exceptional service whether you are a first-time, move-up, new construction, condo, luxury home buyer, or any price range residential seller. Contact us to find out how we can help you find your dream home, or sell your current home for the best price!
Judy Smith, CRS, CLHMS, CRB, CNHS, ABR a lifelong Nebraskan, is a successful Realtor® that has been a full time agent since 1987. She has her Real Estate Brokers license and has been a top producing RE/MAX agent for over 10 years. Whether you are buying or selling a home or business, Judy and her team will help you make informed decisions that ensure you are making a sound financial choice and that you are satisfied with your purchase or sale. The Judy Smith Team is capable of handling all of your residential and commercial real estate needs. Judy Smith currently holds the following designations: CRS (Certified Residential Specialist), CLHMS (Certified Luxury Home Marketing Specialist, CNHS (Certified New Home Specialist), ABR(Accredited Buyer Representative) and is a member of the Luxury Home Institute. Judy Smith and her team have the knowledge and ability to meet the expectations of the most discriminating clientele. They put together integrity, persistence, enthusiasm and dedication that provide their clients with SUPERIOR service. They consistently set both the pace and standard for PROFESSIONALISM in the industry which earns them TRUST and CONFIDENCE with their clients.
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"Our commitment to our clients, assures their specific needs always come first."
- Judy Smith
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Tax Considerations >Your Tax Free Profits
Significant tax reform legislation was signed into law with the Taxpayer Relief Act of 1997. This legislation replaced both the one-time $125,000 tax-free exclusion for homeowners aged 55 and older, and the "rollover" deferment of capital gains tax requiring the purchase of a replacement home of higher or equal cost within two years of the sale of your principal residence.
With this change, a married couple filing their taxes jointly pays capital gains taxes only on that portion of home sales profits that exceeds $500,000. Single taxpayers, heads of households, and married persons filing separately may exclude up to $250,000. The exclusion is available for all sales of homes that occurred on or after May 6, 1997. Homeowners can use this tax-free provision every two years.
You are allowed to keep these tax-free profits only if you have owned and used the home as your principal residence for two out of the five years prior to the sale of the property. Although the regulations do not require continuous occupancy, the IRS specifies that your principal residence must be the home you use for the majority of time during the year. Consult your tax advisor about your personal circumstance.
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| Q |
What area in the United States has the highest per capita income?
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| A |
The New York/New Jersey/Long Island area has a per capita income of over $750,000, according to the most current available U.S. census data. |
 See More Real Estate Trivia > |
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