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Capital Gains on Home and Real Estate
Selling your home might be one of the best tax breaks out there. Most people know about mortgage interest and property tax deductions when it's time to file your taxes; but homeowners should also know that selling your home may be advantageous because of capital gains. Did you know that you can sell your home and make up to $250,000 in profits if you are single and not pay tax? Even more if you are married. Capital gains on home sale .