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Tag: home sale

How Does a House Sale Affect Your Taxes

Brookline, NH Home Seller Has Questions

If you sell a home for a profit over what you paid for it, you will not have to pay taxes on this profit unless the gains exceed the threshold set by the IRS.  For single filers, this is $125,000 and $250,000 for married taxpayers.  Beyond this dollar amount, the remaining profit may be taxed as capital gains.

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