Yep, if you are selling your home, single people don’t pay tax on the first $250,000 profit, and married people get $500,000. You can also deduct any money you put into home improvements or anything else that increased the value. 99.999% of taxpayers already don’t pay any capital gains taxes when they sell.
Yep, if you are selling your home, single people don’t pay tax on the first $250,000 profit, and married people get $500,000. You can also deduct any money you put into home improvements or anything else that increased the value. 99.999% of taxpayers already don’t pay any capital gains taxes when they sell.