Capital gains tax rate on selling a home
It is true in most cases. When you sell your home, the capital gains on the sale are exempt from capital gains tax.Based on the Taxpayer Relief Act of 1997, if you are single, you will pay How to Prevent a Tax Hit When Selling a Rental Property the long-term capital gains tax rate is 15% if you are married filing jointly with taxable income between $78,750 and $488,850. If your