08/31/2026
Closed on a new home this summer? Or sold one and made a profit? π π
Real estate transactions have significant tax implications that many homeowners overlook:
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Buying: Mortgage interest and property tax deductions can lower your tax bill substantially in the first few years.
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Selling: Did you know you may be able to exclude up to $250,000 ($500,000 for married couples) of capital gains on your primary residence? The key is meeting the 2-out-of-5-year ownership and use test.
At Tax Time Income Tax, our 20+ years of experience ensure every aspect of your home transaction is handled correctly.
Navigate real estate taxes with confidence: https://taxtimeincometax.com/