As home values have soared, the taxes tied to owning and selling a home are under more scrutiny than ever. For longtime homeowners who bought low and watched their equity grow, it’s become a boxing ...
Selling a second home can come with an unexpected tax burden. It doesn't matter if it's an inherited ramshackle cabin, a luxury vacation retreat, or even a rental investment, the IRS treats the sale ...
Profits from a home sale are subject to capital gains taxes. This sale will count toward your total capital gains for the year, and will be taxed at the normal rates of either 0%, 15% or 20%. That ...
In comments to the press on Tuesday, President Donald Trump suggested he is considering eliminating capital gains taxes on the sale of homes. Soon afterwards, Rep. Marjorie Taylor Greene of Georgia ...
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In one corner: property taxes, rising steadily thanks to rising assessments, voter-approved bonds, and shifting local budgets. In the other: the capital gains tax, a hit that can surprise even ...