2025年1月27日 · The $250,000/$500,000 home sale tax exclusion - If you have a capital gain from the sale of your main home, you may qualify to exclude up to $250,000 of that gain from your income, or up to $500,000 of that gain if you file a joint return with your spouse.

2025年1月9日 · In simple terms, this capital gains tax exclusion enables homeowners who meet specific requirements to exclude up to $250,000 (or up to $500,000 for married couples filing jointly) of capital...

Effective December 22, 2017, section 1400Z-2 provides a temporary deferral of inclusion in gross income for capital gains invested in Qualified Opportunity Funds, and permanent exclusion of capital gains from the sale or exchange of an investment in the Qualified Opportunity Fund if the investment is held for at least 10 years.

2024年11月4日 · To be exempt from capital gains tax on the sale of your home, the home must be considered your principal residence based on Internal Revenue Service (IRS) rules. These rules state that you...

2023年6月14日 · Taxpayers who sell their main home for a capital gain may be able to exclude up to $250,000 of that gain from their income. Taxpayers who file a joint return with their spouse may be able to exclude up to $500,000.

2024年4月22日 · What Are the Two Rules of the Exclusion on Capital Gains for Homeowners? Here's the most important thing you need to know: To qualify for the $250,000/$500,000 home sale exclusion, you must (1) own and occupy the home as your principal residence (2) for at least two of the five years before you sell it.

3 天之前 · Homeowners selling their primary residence may benefit from the Section 121 exclusion, a tax provision that can significantly reduce taxable gains. This exclusion allows homeowners to exclude up to $250,000 of capital gains for single filers and $500,000 for married couples filing jointly. Criteria for Claiming the Exclusion

2023年9月8日 · Single taxpayers can exclude up to $250,000 of capital gains from the sale of their primary residence, assuming they meet the aforementioned qualifications.

2024年9月6日 · “As a homeowner, you may have concerns about paying capital gains tax when you decide to sell your home. Luckily, there is a tax provision known as the “Section 121 Exclusion” that can help you save on taxes following a home sale.”

2023年1月16日 · When you sell your home, you may exclude up to $250,000 of your capital gain from tax. For married couples filing jointly, the exclusion is $500,000. Also, unmarried people who jointly own a home and separately meet the tests described below …