How much would I have to pay in taxes if I sell my home for a profit?


If you’ve lived in the house as your primary residence for at least two of the past five years, you won’t owe taxes on the sale. The federal government allows a single taxpayer to receive up to $250k in profits without tax consequences, and a married couple filing jointly up to $500k. If you lived in the house for less than a year, you’ll pay taxes on that $50k at your regular tax rate.

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