Tag Archives: #homeowner

The Best Tax Break for Homeowners to Exclude up to $500,000 in Home Sale Gains

The Taxpayer Relief Act of 1997 made important changes when you sell your primary residence. Previously you could roll unlimited gains into a new home, but could only take a one-time exclusion of $125,000. The 1997 law lets you exclude … Continue reading

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Tax Breaks for Owning Your Own Home

Despite fluctuating real estate prices, owning your home can still be a smart long-term choice for most families. Here are three reasons why: Borrowing the bulk of your purchase price leverages your down payment and lets you profit from gains on … Continue reading

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