The $250K/$500K Home Sale Tax Exclusion, Explained

The $250K/$500K Home Sale Tax Exclusion, Explained

There's one tax rule that matters more to most home sellers than any other single piece of the tax code: the home sale exclusion. It's the reason the overwhelming majority of people who sell their primary residence pay no federal capital gains tax on the profit at all. Short answer: The home sale tax exclusion lets you exclude up to $250,000 of profit from your taxable income if you're a sing ...

Capital Gains Tax on Your Home Sale: What Sellers Actually Owe

Capital Gains Tax on Your Home Sale: What Sellers Actually Owe

Most home sellers never pay a dollar of capital gains tax on their sale. But the number of sellers who do owe something is growing, quietly, as home values climb faster than the tax exclusion limits ...

The Biggest Mistakes Long Island Home Sellers Make

The Biggest Mistakes Long Island Home Sellers Make

Long Island home sales are high-stakes by any measure — median prices in Nassau County regularly exceed $650,000, and the transaction process involves attorneys, New York-specific disclosures, complex ...

Cash Offer vs. Listing Your Long Island Home

Cash Offer vs. Listing Your Long Island Home

Cash home buyer mailers, digital ads, and "we buy houses" solicitations have become common across Nassau and Suffolk Counties. The pitch is consistent: fast closing, no showings, sell as-is, no hassle ...

How to Choose the Right Listing Agent on Long Island

How to Choose the Right Listing Agent on Long Island

On Long Island, where home prices routinely run $500,000 to $1 million-plus, choosing your listing agent is the most consequential financial decision in your entire sale. The agent you select sets you ...