701 Apr 2026

: Can exclude up to $500,000 of capital gains.

: If your profit exceeds the exclusion limits, you can often reduce your taxable gain by adding the cost of major home improvements (like a new roof or kitchen remodel) to your "cost basis". : Can exclude up to $500,000 of capital gains

: You must have lived in the home as your main residence for at least 24 months . : Can exclude up to $500

In federal taxation, specifically addresses the Sale of Your Home , a critical subject for anyone looking to understand the tax implications of selling a primary residence. The $250,000 / $500,000 Exclusion 000 / $500