Key Strategies for Reducing Capital Gains Taxes on Home Sales in Texas
When selling a home in Texas, being aware of capital gains taxes and how to minimize them can save you a significant amount of money. Here are some strategies to help reduce your tax burden.
First, take advantage of the primary residence exclusion. If you have owned and lived in the home for at least two of the last five years, you can exclude up to $250,000 of capital gains if single, or $500,000 if married and filing jointly. This exclusion can dramatically lower or eliminate your tax liability.
Learn more- https://realoq.com/resources/understanding-
Like
Comment
Share
