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2. Downsizing for Retirement: Will My $620k Profit on My House ...

   www.aol.com/im-selling-house-downsize-retirement...

   A single person who nets $620,000 from their home sale could pay capital gains taxes on up to $370,000 of the profits, while a married couple who files their taxes jointly could end up owing taxes ...

3. Tax breaks after 50 you might not know about - AOL

   www.aol.com/finance/tax-breaks-after-50-you...

   Taxpayers over 55 were once allowed a one-time $125,000 in capital gains exemption for selling their home, known as the over-55 rule, but that rule was phased out in 1997.

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

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

   Determine your capital gains tax rate. Your capital gains tax rate depends on your income, tax filing status, and how long you owned the property. For 2024, if you have owned your home for over a ...

5. Capital Gains Tax Rates for 2024-2025 - AOL

   www.aol.com/capital-gains-tax-rates-2023...

   You only pay capital gains tax if you sell an asset for more than you spent to acquire it. The FICA tax rate is 15.3% (12.4% for Social Security and 2.9% for Medicare).

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

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

   You can sell your primary residence and avoid paying capital gains taxes on the first $250,000 of your profits if your tax-filing status is single, and up to $500,000 if married and filing jointly.

7. 6 Hidden Tax Breaks for Retirees - AOL

   www.aol.com/finance/6-hidden-tax-breaks-retirees...

   Getting older can unlock these retirement tax breaks.