Capital Gains Tax and Selling a House

Do You Pay Capital Gains Tax? If you have lived in your home for 2 of the last 5 years of homeownership, you may not have to pay any capital gains tax. For single homeowners the limit is $250,000 of gain and for married homeowners the limit is $500,000.
    The gain is the difference between what you paid for the home and what you sold it for.

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