Thinking About Selling Your Home? Here’s What You Need to Know!

If you’ve owned and lived in your primary residence for at least two out of the last five years, you could be sitting on a major tax break! Under current IRS rules:

• Up to $250,000 of your gain is tax-free if you file as an individual.

• Up to $500,000 is tax-free for joint filers.

That’s right—those amounts are completely excluded from taxable income. Any gain above these limits? It’s taxed at long-term capital gains rates of 0%, 15%, or 20%, depending on your income bracket.

This is one of the most powerful ways to keep more money in your pocket when selling your home. Don’t miss out—plan ahead and make the most of this benefit!