Capital gains taxes are already non-existent for a vast majority of people selling a house they’ve been using as their primary residence. This is just another gift to the super wealthy.
Yep, if you are selling your home, single people don’t pay tax on the first $250,000 profit, and married people get $500,000. You can also deduct any money you put into home improvements or anything else that increased the value. 99.999% of taxpayers already don’t pay any capital gains taxes when they sell.
Pretty sure talking about flipping , depends on state you get capital gain tax if you own the home for less than x amount years. This will make houses sky rocket.
Capital gains taxes are already non-existent for a vast majority of people selling a house they’ve been using as their primary residence. This is just another gift to the super wealthy.
Yep, if you are selling your home, single people don’t pay tax on the first $250,000 profit, and married people get $500,000. You can also deduct any money you put into home improvements or anything else that increased the value. 99.999% of taxpayers already don’t pay any capital gains taxes when they sell.
Pretty sure talking about flipping , depends on state you get capital gain tax if you own the home for less than x amount years. This will make houses sky rocket.