More home sellers are paying capital gains taxes — here’s how to reduce your bill
PUBLISHED TUE, MAY 7 20243:29 PM EDTUPDATED TUE, MAY 7 20245:43 PM EDT
By: Kate Dore, CFP®
More Americans are paying capital gains taxes on home sale profits amid soaring property values — but there are ways to reduce your bill, experts say.
In 2023, nearly 8% of U.S. home sales yielded profits exceeding $500,000, compared with about 3% in 2019, according to an April report from real estate data firm CoreLogic.
There’s a reason the report called out that threshold.LEARN MORE…
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