This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.
Discover why this cost is surprising a growing number of homeowners. ChameleonsEye / Shutterstock.com
Taxes are impacting more folks who sell their home, particularly if the property has seen a significant increase in value. Since 1997, most home sellers have been able to exclude from capital gains taxes up to $500,000 of the profit made when selling a primary home. But that limit has never been indexed for inflation. As a result, at the end of 2023, 7.9% of home sales were lucrative enough to…
More from my site
7 Surprising Perks of AAA Membership
Name That Ad: Can You ID These 19 Classic Slogans and Jingles?
Here’s What Happens When You Keep a Credit Card Open for Over 15 Years
Does My Credit Score Matter When I’m Borrowing Against My Home?
Here’s the Average 30-Something’s Retirement Savings Balance. How Does Yours Compare?
I Have Airline Elite Status. Here’s Why I Still Pay for Business Class Sometimes
