Photographer
Mike Irby Photography
2550 Boulevard of the Generals
Suite 300
Audubon, PA 19403
Phone - 610-631-5052
http://mikeirbyphotography.com/
Hours: M-F 9:00am - 6:00pm
Evenings, Saturdays and Sundays by appointment. Welcome neighbors! 20% Court at the Ledges discount on all services.
Mike Irby Photography is a full service commercial/advertising digital photography studio. Family and business portraits are a specialty! Mike has extensive experience producing photography in the studio and on location.
Photography services include: product, brochure, portraits, website, architectural, interiors, family and corporate events, etc.
Please contact Mike in the studio at 610-631-5052 or cell 267-210-1817.
Please visit the website for additional information.
Thank you!
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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