Want To Lower Your Capital Gains Tax When You Sell?
Want To Lower Your Capital Gains Tax When You Sell? Certain homeowner actions increase their adjusted basis which may help lower capital gains tax when they sell.
Blog
Debbie Woolard and Team want to provide you and your family with as many resources as we can to make a well-informed decision.
We hope you enjoy reading our blog and should you have any questions or need assistance with buying or selling your home please let us know.
Please Feel Free To Text Or Call
757-288-0194
Avoiding Tax When You Sell Your Home
Avoiding Tax When You Sell Your Home In the past, many homeowners didn’t give much thought to keeping detailed records of home improvements. With capital gains exclusion thresholds of $250,000 for single filers and $500,000 for …
How to Change a Second Home to a Primary Home & Why
How to Change a Second Home to a Primary Home & Why The tax benefits of owning both a first and second home can be significant, with the IRS allowing taxpayers to deduct interest and property …
More Homeowners Paying Capital Gains Tax
More Homeowners Paying Capital Gains Tax Rising home prices and low inventory levels during the pandemic accelerated more homeowners to pay capital gains tax above their exclusion.