  Dwight is married and has three great children. In 1990, Mary, Dwight's wife wanted to move home to Milltown, and away they went. Dwight was uneasy about moving to Milltown and Middlesex County, having spent his first thirty-seven years in Union County. Now that he is here it is the best thing he ever did. The schools are great, there is open space, the type of housing is newer and more spacious, and the people are great. Now that he is here he thanks Mary for that little nudge to get him here. Since he liked it so much here he has moved his real estate practice here as well.
This part of the state is close to everything, but not too close, and we find it a wonderful place to live.
 Dwight's son Scott plays football for William Paterson University Pioneers. His Daughter Megan attends Rutgers University and also helps the Bendall Group as the director of first impressions. Amanda started Spotswood High school and is giving the flute a work out in the band. She plays piano as well. Mary works and runs the house. You see Dwight's family is no different than yours; this is what makes Dwight an excellent Realtor.
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Tax Considerations >Tax Rewards for Homeowners
The Federal Tax Code has significantly improved the American taxpayer's ability to profit by selling a principal residence. Prior to 1997, homeowners could take advantage of a tax benefit termed the "rollover", which granted exemption from capital gains taxes on the net profit from the sale of a home. Homeowners who used profits to purchase a bigger and better home did not have to pay tax. And homeowners over the age of 55 were given a once-in-a-lifetime exclusion from taxes on profits of up to $125,000 on the sale of their principal residence.
Compare those tax breaks with our current, streamlined and potentially more profitable arrangement that replaced both the rollover and the one-time exemption. If you are a married home-seller filing jointly, you may enjoy up to $500,000 in tax-free home sale profits, provided you have occupied the property as your principal residence during two of the last five years. Taxpayers who file singly get a $250,000 capital gains exclusion. Homeowners are eligible to exclude capital gains on the sale of a principal residence as often as once every two years.
The law allows capital gain exclusions whether you "buy up" to a more expensive home or "buy down" to a less expensive one. The tax-free dollars can be used in any way you want. Consult your tax advisor for detailed advice about your particular 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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Dwight E. Hathaway
RE/MAX Classic Group
3322 Route 22 West, Suite 908
Branchburg, NJ 08876
908-895-1850
Fax: 908-231-7799
dwighthathaway@NUMBER1EXPERT.COM
Dwight E. Hathaway "SELLS" homes JUST LIKE YOURS!!! In Middlesex County there is NO OTHER Realtor capable, ready, willing, able and technically advanced enough to meet your needs. No matter how large or small Dwight does it all. Just call or email him today!    
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