The Many Benefits Of Home Ownership The Many Benefits of Home Ownership • A home owner gets the opportunity to claim a capital gains exclusion on their taxes. An individual can claim up to $250,000, and a married couple can claim up to $500,000 of profit from a capital gain. You must live in the home (2) of the past (5) years. For example, an individual might purchase a home for $200,000 and later sell that home for $400,000 after the home appreciates in value, making a whopping $200,000 in profit that the individual can exclude on their taxes. • Mortgage interest is fully deductible on your tax return. • If you receive more profit than the allowable exclusion upon the sale of your home, that profit will be considered a capital asset as long as you owned your home for more than (1) year. Capital assets receive preferential treatment. • Property taxes paid on a first home and a vacation home are fully deductible. • Equity loan interest is tax deductible, and a home owner can borrow against the homes equity for many purposes, such as, home improvement, college, medical, or starting a new business. Some state laws restrict home equity loans. • A home appreciating in value also adds equity to the property. Posted by William Benton on March 26, 2010 at 04:36 PM About William Benton There are honest and knowledgeable Realtors out there. I love helping people in obtaining their life long dream of home ownership. As of 05/22/12 the William Benton RePage is ranked at 1,766 with 485 points.

Local Information for Conyers, GA

Latitude: 33.66636 -- Longitude: -84.007574

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ZIP Codes for Conyers, Georgia	30012  30013  30094
Area Code for Conyers, Georgia	770
Time zone for Conyers, Georgia	EST

Other Area Cities:   Conyers, GA  Covington, GA  Snellville, GA  Lithonia, GA  Stone Mountain, GA  Redan, GA  Atlanta, GA 

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Conyers is a city in Rockdale County, Georgia, USA. As of the 2000 census, the city population was 10,689. Census estimates of 2005 indicate a population of 12,205. The city is the county seat of Rockdale County.Conyers is located at 33°39'59?N, 84°0'27?W (33.666360, -84.007574)GR1.According to the United States Census Bureau, the city has a total area of 30.9 km² (11.9 mi²). 30.5 km² (11.8 mi²) of it is land and 0.4 km² (0.1 mi²) of it (1.17%) is water.The median income for a household in the city was $35,789, and the median income for a family was $38,255. Males had a median income of $29,991 versus $24,879 for females. The per capita income for the city was $15,805. About 13.7% of families and 16.9% of the population were below the poverty line, including 24.5% of those under age 18 and 9.1% of those age 65 or over.Some notable residents of Conyers are: Dakota Fanning (actress), Holly Hunter (actress),Clint Mathis (World Cup soccer player) and Jill Arrington (ESPN Reporter). -- Source: Wikipedia.com