Avoiding Capital Gains Taxes When Selling Your Texas Home
Capital gains taxes can be a significant consideration when selling your home in Texas. To minimize your tax burden, it's important to understand the rules and take steps to qualify for the available exclusions.
One key strategy is to ensure that the property has been your primary residence for at least two of the last five years. This allows you to exclude up to $250,000 of capital gains if single, or $500,000 if married and filing jointly. Meeting this requirement can greatly reduce or even eliminate your tax liability.
For more-https://realoq.com/resources/u....nderstanding-capital
Like
Comment
Share
