Homeowners don’t pay capital gains when they sell their primary home

The 2-Out-Of-5-Year Rule

Unmarried individuals can exclude up to $250,000 in profit from the sale of their main home. You can exclude $500,000 if you’re married. To qualify, you must have lived in the home for a minimum of two out of the last five years. Click on the link below for more details on this incredible US tax exclusion windfall!