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Capital-Gains Tax Hits More Home Sellers

·1 min

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Selling a home in the US has become more profitable, resulting in unexpected tax bills for many Americans. The percentage of home sales in 2023 that exceeded the $500,000 limit for tax exemption has doubled since 2019, reaching roughly 8%. This data comes from CoreLogic, a real-estate data firm.

Selling a home in the US has become more profitable, resulting in unexpected tax bills for many Americans. The percentage of home sales in 2023 that exceeded the $500,000 limit for tax exemption has doubled since 2019, reaching roughly 8%. This data comes from a real-estate data firm.