Homeowners may owe taxes if their profit exceeds the exclusion limits when selling their home.
Single filers can exclude up to $250K in profits; couples filing jointly can exclude up to $500K.
Will You Owe Taxes When You Sell Your Home?
Homeowners may owe taxes if their profit exceeds the exclusion limits when selling their home.
Single filers can exclude up to $250K in profits; couples filing jointly can exclude up to $500K.