11/01/2026
🏡🇺🇸 SOLD YOUR HOME IN AMERICA? You May Not Owe Federal Capital Gains Tax!
Did you sell your main home for a profit? You may qualify for the IRS home sale gain exclusion under Section 121.
💰 Up to $250,000 exclusion for eligible individual taxpayers.
💰 Up to $500,000 for qualifying married couples filing jointly.
Basic eligibility requirements:
✅ Owned the home for at least 2 of the 5 years before the sale.
✅ Used it as your main home for at least 2 of those 5 years.
✅ Generally, didn’t claim the home sale exclusion on another home sale during the 2 years before this sale.
Important:
📌 The exclusion is based on your gain, not your selling price.
📌 Rental or business use and depreciation may affect the exclusion.
📌 Special circumstances may qualify for a partial exclusion.
📌 Reporting requirements may still apply.
Every home sale is different. Check your eligibility before filing!
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