🏡 Home & Money

Plain-English guides to the tax rules that hit when you sell a home.

• Do You Pay Capital Gains When You Sell Your House?Whether you owe capital gains tax when you sell your home depends on your profit and the IRS home-sale exclusion. Here is how it actually works, with the tests explained.
• The $250,000 / $500,000 Home-Sale Exclusion, ExplainedThe Section 121 home-sale exclusion lets many sellers pay zero capital gains tax. Here are the ownership and use tests, who qualifies, and the partial-exclusion exceptions.
• How to Avoid (or Reduce) Capital Gains Tax on a Home SaleLegitimate ways to reduce or avoid capital gains tax when you sell your home: the exclusion, raising your cost basis with improvements, timing, and record-keeping.