fromSFGATE
3 days ago12.5% of Homeowners in Illinois Will Face a Hidden Home Equity Tax If They Sell
In 1997, the federal government created the capital gains exclusion to shield typical homeowners from taxes on the sale of their primary residence. Sellers could exclude up to $250,000 in profit-or $500,000 for joint filers. But those limits were never adjusted for inflation.
Real estate