Gunnison Colorado Real Estate homes, commercial properties and vacant land.
The Clarke Real Estate Agency features Gunnison Colorado homes, commercial properties and vacant land.

Real Estate Legislation for 2013

Some of the highlights of real estate legislation for 2013 include a 10 percent tax credit (up to $500) for homeowners that make energy improvements to their existing homes. It will be made retroactive to cover 2012 as well. In addition, deductions for Mortgage Insurance Premiums for tax payers making below $110,000 is extended through 2013. Mortgage Cancellation Relief has been extended to January 1, 2014.

The first $5 million in individual estates and $10 million for family estates are now exempt from the estate tax. After that, the rate will be 40 percent, up from 35 percent. The exemption amounts are indexed for inflation.

The $250,000 (individual) and $500,000 (joint) exclusions for the sale of one’s principal residence remains in place, as well as the mortgage interest deduction. The Capital Gains rate stays at 15 percent for peolle in the $400,000 (individual) and $450,000 (joint) returns.

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Gunnison Real Estate

The Clarke Agency, Inc.
241 N. Main Street
Gunnison, CO 81230
Telephone: (970) 641-0511
Office Fax: (970) 641-9252