fromSFGATE
1 day ago39.2% of Homeowners in Maine Will Face a Hidden Home Equity Tax If They Sell
The capital gains exclusion was designed in 1997 to help homeowners avoid taxes when selling their primary residence. At the time, the $250,000 (individual) and $500,000 (joint) limits covered most home sales. But those limits have never been adjusted for inflation.
Real estate