Selling Your Home? What You Need to Know About Capital Gains Taxes
By Dora Griffin, NMLS 6380
(D A Griffin Financial.LLC)
Selling Your Home? What You Need to Know About Capital Gains Taxes Learn how capital gains taxes work when selling your home and how to reduce what you owe. Consult a tax professional for personalized advice. Mar 12, 2025 If you’re planning to sell your home, you may have heard about capital gains taxes —but what does that mean for you? The good news is, many homeowners can reduce or even avoid paying taxes on their profits if they meet certain requirements. Here’s a simple breakdown of how capital gains taxes work when selling your home and how you can potentially keep more money in your pocket. What Are Capital Gains Taxes? When you sell your home for more than you originally paid, that profit is called a capital gain. Depending on your situation, the IRS may require you to pay taxes...
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