Tag Page homeselling

Want to save on capital gains tax when selling your home?

Selling a house can be exciting, but the taxes can sting—especially if you don’t plan ahead. Did you know that if you sell your home within a year, your capital gains tax will be much higher? But don’t worry! If you’ve lived in your home for at least two years, you could qualify for up to $500K in tax exclusions (for married couples). And if you’ve owned it for over a year, the tax rate drops significantly! Be smart, plan ahead, and time your sale to keep more of your profits. #TaxTips #HomeSelling #RealEstateSavings