Frequently Asked

How much of my home sale profit is tax-free?

Seller StrategyBy Laurel Seymour

Quick Answer

Generally up to $250,000 for a single filer and $500,000 for married couples filing jointly, provided the ownership and use tests are met. The exclusion applies to gain, which is the sale price minus selling costs and your adjusted basis, not to the full sale price.

Portrait of Laurel Seymour, founder of Seymour Realty Group

Laurel Seymour

Austin Realtor · TX License #617201 · About Laurel

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