Charleston · Selling

Is a big capital gains tax break coming for home sellers?

Talk of a new capital gains break for home sellers has stayed at the proposal stage in Congress and has not become law as of this writing, so a specific figure making the rounds online is not something a seller can rely on yet. The current federal exclusion on a primary residence sale still governs any sale closing today. An accountant should confirm the actual rules before a seller plans around a change that has not happened.

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