What is Capital Gains Tax on Your Home Sale?

Are you wondering if you’ll have to pay capital gains tax on your home sale?

Many people do not know that a large portion of homeowners who sell their homes can avoid capital gains tax on their home sales.

How Much is Capital Gains Tax on the Sale of a Home?

When selling your primary home, you can make up to $250,000 in profit or double that if you are married, and you won’t owe anything for capital gains.

The only time you will have to pay capital gains tax on a home sale is if you are over the limit.… Read the rest