Capital Gains and Your Home Sale | Bankrate.com

One of the best tax breaks around is the home-sale exclusion. A homeowner can make up to $250,000 profit (twice that if married) when he sells his principal residence and not owe Uncle Sam a dime.

Source: Capital Gains and Your Home Sale | Bankrate.com

One of the most misunderstood tax laws concerns what you pay or do not pay in  capital gains  when you sell your residence. This is a great article that explains the large exemption for capital gains and how often you can use such exemption.

Paul Gusiff
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