Revisiting the Capital Gains Tax Exemption for Home Sales
Despite a threefold increase in home prices, when a home is sold today, the amount of profit exempt from taxation remains pegged at a level established in 1997.
Source: rismedia.com
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Democratic Bill Passes Senate, With Changes
Advocates waged an extensive campaign against some real estate taxes, but not everyone is happy with the final bill.
Source: rismedia.com
Proposed Bill Targets Housing Upgrades, Tax Loopholes
Democrats are pushing hard for the legislation, which could have far-reaching effects on housing and other industries.
Source: rismedia.com
REALTORS® Focus on Inventory and Fair Housing Solutions at Legislative Meetings
NAR President Leslie Rouda Smith addressed three priorities NAR will take to lawmakers: addressing inventory supply and affordability, fair housing, and demonstrating how NAR research products can affect policy.
Source: rismedia.com
As Home Sale Prices Surge, a Tax Bill May Follow
Single sellers can exclude $250,000 from their taxable profit and married sellers $500,000. The amounts haven’t changed in 25 years.
Source: nytimes.com