Here’s a tax break that all home sellers should be taking advantage of.
If you’re thinking of selling your home, I have a tax tip to share today that could help you. If you sell, there are some capital gains exemptions you can file for when you list your property.
If you’re a single filer, you can exempt up to $250,000 of capital gains on your sale. If you’re a couple who’s filing jointly, that number jumps to $500,000. The only catch is that you have to have lived in the property as your primary residence.
If you have questions for me about this tax advantage or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.