New Tax Bill Retains tax break for Home Sellers

Real Estate

New Tax Bill Retains tax break for Home Sellers

One of biggest benefits for home owners and sellers is the ability to exclude $500,000 ($250,000 for single filer) profit from capital gains tax if they have lived in their home for 2 out of 5 years. There was talk about changing that time period in the new tax bill. But that break has been retained as is. So you could purchase a home, live in it for 2+ years, sell it for a profit up to $500,000 and have that excluded from your taxes. As always, when making decisions about tax planning, consult your tax adviser or an accountant.

For more information, click on the Read More button at the bottom of this page.

Whenever you are ready, here’s some ways that I can help with your real estate goals:

1) Free Access to search the Denver MLS for all homes currently on the market: Denver Home Finder Service Property Search

2) Join me for a home tour - Home tours are Monday thru Saturday at 2:00 pm or 6:00 pm - choose your tour here

3) Request a specific search that sends all the homes that meet your parameters as soon as they come on the market - that way you can beat others to the best homes. Send me an email with "specific search" in the subject line and your wish list - Price range, school district, style, minimum number of bedrooms, etc. - Vickie@DreamsCanHappen.com

4) Receive a Home Loan Report –There are so many different loan programs. Do you need 20% down payment to purchase a home? Are there special programs for first time home buyers? What does CHFA mean? What's the difference between a FHA loan and a Conventional loan? Send me an email - - Vickie@DreamsCanHappen.com with "Home Loan Report" in subject field and I'll send it right over.

Also….check these out??

Denver Home Finder Service

Denver Home Seller Service