But we also get people who have sold their home, and they’re sitting on gains and there was no preplanning.” Dennis said that one of the most common ways homeowners can reduce taxes on the sale of ...

Selling a second home can trigger up to 20% in capital gains tax. Learn the proven ways to cut, defer, or avoid this tax hit.

Stream NBC 5 for free, 24/7, wherever you are. When asked about the idea this week in the Oval Office, Trump told reporters, "we're thinking about that." Under current law, you can trigger capital ...

President Donald Trump indicated on Sunday that he is considering eliminating capital gains taxes on home sales, which could ...

Given that your home is likely your largest asset, the prospect of turning a profit when you go to sell it is understandably exciting. That is, until you remember the reality of taxes. There is both ...

A changing housing market and unchanged IRS exclusion amounts can add up to a headache for many homeowners. Will Congress ...

Dear Liz: My husband and I built a home on a hillside over 30 years ago in a desirable neighborhood with a beautiful view. We thought it would be our retirement home, but life had different plans. Now ...

Complementary reforms primarily aimed at other policy goals, such as crime reduction and tax relief, can also help address ...

The lodestar of the American Dream is homeownership. But the current housing market presents two opposite challenges. For new buyers, low inventory and high mortgage rates have made it harder to get ...

Stream NBC 5 for free, 24/7, wherever you are. When asked about the idea in the Oval Office on Tuesday, Trump told reporters, "we're thinking about that." "If the Fed would lower the [interest] rates, ...

President Trump recently said his administration was “thinking about” removing capital gains taxes on home sales to help jump-start the sluggish housing market. The biggest beneficiaries of such a ...

If your home sale profit is above $250,000 or $500,000, you pay capital gains tax of 0%, 15% or 20%, depending on your taxable income. (You calculate taxable income by subtracting the greater of the ...