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  2. Will I Owe Taxes if I Sell My Home? - AOL

    www.aol.com/owe-taxes-sell-home-115700974.html

    For 2024, if you have owned your home for over a year, the long-term capital gains tax rate applies, which ranges from 0% to 20% and is more favorable than short-term rates.

  3. Capital gains tax on real estate and selling your home - AOL

    www.aol.com/finance/capital-gains-tax-real...

    For the 2024 tax year, you are not subject to capital gains taxes if your taxable income is $47,025 or less ($94,050 if married and filing jointly). If it’s between $47,026 and $518,900 as a ...

  4. Housing Market 2024: How To Avoid Paying Taxes When Selling ...

    www.aol.com/avoid-paying-taxes-sell-house...

    One of the best financial investments you can make is the house you live in or rent out. Between 1991 and 2022, the average annual U.S. home price increase was 4.3%, Credit Karma reported, citing ...

  5. Capital gains tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax_in_the...

    Capital gains tax rates were significantly increased in the 1969 and 1976 Tax Reform Acts. [11] In 1978, Congress eliminated the minimum tax on excluded gains and increased the exclusion to 60%, reducing the maximum rate to 28%. [11] The 1981 tax rate reductions further reduced capital gains rates to a maximum of 20%.

  6. Tax Tips: Selling your home - AOL

    www.aol.com/news/2008-03-20-tax-tips-selling...

    If you sell your personal residence and you make a profit, you may not have to pay taxes on all or part of it. You don't have to pay tax on the capital gain of up to $250,000 per spouse, provided ...

  7. Depreciation recapture - Wikipedia

    en.wikipedia.org/wiki/Depreciation_recapture

    Depreciation recapture is the USA Internal Revenue Service procedure for collecting income tax on a gain realized by a taxpayer when the taxpayer disposes of an asset that had previously provided an offset to ordinary income for the taxpayer through depreciation.