Remove blog capital-gains-tax-on-primary-residence-is-coming
article thumbnail

How to Avoid (Or Reduce) Your Taxes When Selling a House

HomeLight

DISCLAIMER: Information in this blog post is meant to be used for educational purposes only, not legal or tax advice. If you need help determining the taxes on your home sale, please consult a skilled tax professional. You’ve come to the right place if you’re wondering how to avoid paying taxes when selling a house.

Investor 100
article thumbnail

Capital Gains Tax and Divorce: How to Preserve Your Biggest Home Sale Tax Break

HomeLight

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. HomeLight always encourages you to reach out to an advisor regarding your own situation regarding capital gains tax and divorce. What is a capital gains tax break?

Sales 99
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Are the Capital Gains Tax Brackets for 2023?

HomeLight

Disclaimer: Information in this blog post is meant to be used as a helpful guide and for educational purposes only, not legal or tax advice. If you need help with a tax question, please consult a skilled CPA. Rejoice in this: Rarely do homeowners have to pay taxes on the money they make from selling their house.

Sales 98
article thumbnail

Will I Pay Capital Gains on the Sale of My Second Home?

HomeLight

Disclaimer: Information in this blog post is meant to be informational and used as a helpful guide only, and not professional tax or legal advice. If you need help determining the taxes on the sale of your second home, HomeLight always encourages you to reach out to a tax advisor regarding your particular situation. .

Sales 112
article thumbnail

I’m Selling My House. Will the Profits Be Considered Income and Taxable Gain?

HomeLight

” Often, if you’ve lived in the house for at least two years and made a profit of less than $250,000 on the house, you won’t have to worry about taxes. .” Here are a few questions and insights you ought to want to know the answer to before recording that home sale on your tax return. What are capital gains?

Sales 95
article thumbnail

Tax Implications of Selling a Home in 2023

HomeLight

DISCLAIMER : This article is intended for educational purposes only, not legal or tax advice. If you need help determining the tax implications of selling a home, please consult a skilled tax professional. and now perhaps you find yourself wondering what happens next , especially when tax time comes around.

article thumbnail

Capital Gains Tax On Primary Residence Is Coming

Toronto Realty Blog

My goodness, remember this blog post? My rant began with my disdain for people who are willfully uninformed, then segued into my mistrust of government, and finally landed on a potential new tax being floated. Yep, you guessed it: the capital gains tax on a primary residence. TorontoRealtyBlog.

Equity 144