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

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

   The amount a buyer is likely to pay for a real estate asset (i.e., property). Broadly speaking, capital gains tax is the tax owed on the profit (aka, the capital gain) you make when you sell an ...

3. The IRS just announced big tax changes for 2025 - AOL

   www.aol.com/finance/irs-just-announced-big-tax...

   For 2025, the IRS has adjusted income tax brackets to accommodate rising wages. The 37% top tax rate applies to singles earning over $626,350 and married couples earning over $751,600 (an increase ...

4. Avoid Capital Gains Tax When Selling a House - AOL

   www.aol.com/avoid-capital-gains-tax-selling...

   This is the annual gift tax exclusion amount, which goes toward the lifetime gift and estate tax exclusion limit. As of 2022, that’s $12.06 million for individuals and $24.12 million for couples.

5. Internal Revenue Code section 1031 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   For real property exchanges under Section 1031, any property that is considered "real property" under the law of the state where the property is located will be considered "like-kind" so long as both the old and the new property are held by the owner for investment, or for active use in a trade or business, or for the production of income.

6. Depreciation recapture - Wikipedia

   en.wikipedia.org/wiki/Depreciation_recapture

   Under rules contained in the current Internal Revenue Code, real property is not subject to depreciation recapture. However, under IRC § 1(h)(1)(D), real property that has experienced a gain after providing a taxpayer with a depreciation deduction is subject to a 25% tax rate—10% higher than the usual rate for a capital gain.

7. The IRS will soon set its new 2025 tax brackets. Here's what ...

   www.aol.com/irs-soon-set-2025-tax-184950231.html

   Tax brackets and other provisions are likely to be adjusted higher by 2.8% for the 2025 tax year, according to Bloomberg Tax and financial information services provider Wolters Kluwer, which both ...