Selling a second home can come with an unexpected tax burden. It doesn't matter if it's an inherited ramshackle cabin, a luxury vacation retreat, or even a rental investment, the IRS treats the sale ...

Each year, the IRS adjusts federal income brackets and thresholds, and capital gains taxes are no exception. Whether you hold ...

With American households sitting on $34.5 trillion in home equity in the first quarter of 2025, according to online loan marketplace LendingTree, a lot of cash will be unlocked when these homes sell.

Given that your home is likely your largest asset, the prospect of turning a profit when you go to sell it is understandably exciting. That is, until you remember the reality of taxes. There is both ...

— -- Need help with your taxes? USATODAY.com will publish a reader's question and the answer from a member of the American Institute of Certified Public Accountants (AICPA) every weekday until ...

WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday his administration is considering removing taxes on capital gains on home sales. "If the Fed would lower the rates, we wouldn't even ...

Trump recently suggested that his administration may pursue the elimination of capital gains tax on home sales. In response to a question during an Oval Office meeting, Trump said, “We are thinking ...

Donald Trump has a plan to reinvigorate the housing market: do away with the capital gains tax on home sales. The president made his pitch during an Oval Office session on Tuesday, Bloomberg reported.

President Donald Trump said he's "thinking about" eliminating the federal capital gains tax on home sales, in a move that experts are welcoming while warning that it would favor wealthier homeowners ...