As home values have soared, the taxes tied to owning and selling a home are under more scrutiny than ever. For longtime homeowners who bought low and watched their equity grow, it’s become a boxing ...

In recent years, more people across the United States are triggering capital gains taxes when they sell their primary homes. This is happening even though the federal government offers a tax break: a ...

When you receive any house property or land from your parents either by way of gift or inheritance, you won’t have to pay tax on that. But if you decide to sell it later, you will be liable to pay ...

President Donald Trump on Tuesday signaled support for legislation eliminating a capital gains tax on home sales, suggesting a reform on the tax policy—which has gone unchanged for decades—that a ...

Nine different sections of the Income Tax Act allow property sellers to reinvest gains and cut down capital gains tax significantly.

The law allows claiming exemption on long-term capital gains from the sale of more than one residential house by investing ...

In one corner: property taxes, rising steadily thanks to rising assessments, voter-approved bonds, and shifting local budgets. In the other: the capital gains tax, a hit that can surprise even ...