Capital Gains Taxes - What This Means For the Home Seller

Capital Gains: What You Need to Know 

Selling your home? I bet you’re envisioning those dollar signs in your bank account right now. But what does it mean on your taxes this year? Capital Gains taxes can strip away those dollar signs in some situations, but can be avoided in others. It is necessary to know what a capital gains tax is and how it can affect you, the home seller. Here’s some information that breaks it all down for you. Capital Gains: What You Need to Know goes over paying capital gains taxes on your primary home, vacation or rental home, and what that means if you’re single or married. Most importantly, it shows you how to pay the lowest amount possible. With a little preparation, it’s likely that you’ll pay little to no capital gains taxes this year! 

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