Short Hills, Millburn, Summit and Maplewood Weather Being located in New Jersey, the Short Hills, Millburn, Summit and Maplewood area is assured of four full and beautiful seasons with all the varied activities possible at different times of the year. There is sailing and hiking in the summer and sledding and snowmen in the winter. Spring is a lively, vigorous time of renewal and our autumns are so beautiful that people from all over take vacations at that time so they can take tours of the countryside and view the colorful foliage. What a place! Feel free to peek at our local forecast via the web site featured on this page. Get Short Hills, Millburn, Summit and Maplewood Weather Reports Here Request our Free Short Hills, Millburn, Summit and Maplewood Relocation Package. It's packed full of useful and important information about the Short Hills, Millburn, Summit and Maplewood, New Jersey area. Don't move here without it! 
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Tax Considerations >Beneficial Tax Laws American tax law offers a significant capital gains tax exemption that allows taxpaying homeowners to unlock home equity and end the spiraling cycle of "investing up." First-time buyers enjoy expanded rules for Individual Retirement Accounts (IRA) and 401(k) plans, rules that allow penalty-free withdrawals to purchase a home.
Every two years, married sellers of principal residences who file joint federal income tax returns are allowed a $500,000 exclusion ($250,000 for singles) from capital gains tax. For sales that took place after May 6, 2003, the maximum capital gains tax rates for profits above the exclusion dropped from 20% to 15% for higher income taxpayers, and from 10% to 5% for lower income taxpayers.
Homeowners can now consider several new options. People who find themselves at an empty-nester stage (no children at home) in a four or five bedroom home with a large equity have been able to unlock their equity dollars, using the income to help their children buy a first home, take a luxury cruise, remodel the house or purchase a second home for vacation or retirement.
Consult your tax advisor for advice regarding your particular circumstance.
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| Q |
What trendy and highly unusual hotel must be totally rebuilt every year?
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| A |
Sweden's popular Ice Hotel, which has 60 double rooms, 25 suites and an interior temperature of 20 degrees, starts melting to the ground in May and is rebuilt every winter. |
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