Monthly Archives: March 2019

Sale of a Home

Sale of Home

The tax overhaul retained the existing benefit for home sellers. Jointly filing married couples can exclude $500,000 from taxes on the sale of a primary home. The exemption for single filers is $250,000 in profit. For inflation, these amounts are not indexed. For example, say Sam and Suzan bought a home for $150,000 many years […]

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