How to Avoid Capital Gains Taxes (Legally) on Your Home Sale
Money Girl
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How Much Is a Capital Gains Tax Exclusion?
A capital gain on a home sale can be excluded from your taxable income. To qualify, you must have owned and lived in the home for at least two years during the five years preceding the home sale. If you qualify, you may be eligible to exclude up to $250,000 if you're single or up to $500,000if you file taxes jointly as a married couple.
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