Capital Gains Tax Rate 2024 Home Sales Tax

Capital Gains Tax Rate 2024 Home Sales Tax. Homeowners are affected by capital gains tax when they sell their primary home. The biggest question at tax time for someone who recently sold a home is whether they’ll have to pay federal capital gains taxes on the profit.

However, only 50% of the gain is subject to taxation, and residents may also benefit from inflation relief after two years of property. Homeowners are affected by capital gains tax when they sell their primary home.