Selling your home can have tax consequences if its value has gone up. The IRS offers an exemption that lets you exclude some of the profit from capital gains tax when selling your primary residence, ...
With American households sitting on $34.5 trillion in home equity in the first quarter of 2025, according to online loan marketplace LendingTree, a lot of cash will be unlocked when these homes sell.
President Donald Trump said he's "thinking about" eliminating the federal capital gains tax on home sales, in a move that experts are welcoming while warning that it would favor wealthier homeowners ...
Last week, President Trump said he is considering a proposal to exempt from tax all gains from the sale of a homeowner’s primary residence. Under current law, taxpayers can exclude up to $250,000 ...
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Dear Liz: I thought I understood about taxes and house sales, but I am now confused. It seems like the previous rules were that home sale profits could be rolled from one house to the next and one ...
Capital gains taxes can eat into the profits you make from selling investments, sometimes leaving you with less money than you might have expected. But one state has changed its tax policy to help its ...
Blue states, including California and Washington, are among those that stand to benefit the most from President Donald Trump's idea to eliminate the federal capital gains tax on home sales, according ...
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