I’m 65 and my wife and I are ready to sell our home of 35 years to fund retirement. But we’re worried about capital gains tax ...

Many longtime homeowners have seen their modest family houses transform into unexpected gold mines. The modest abode they bought decades ago might have doubled—or even tripled—in value, promising a ...

When asked about the idea this week in the Oval Office, Trump told reporters, "we're thinking about that." Under current law, you can trigger capital gains taxes for a primary home sale if your profit ...

Dear Liz: My husband and I built a home on a hillside over 30 years ago in a desirable neighborhood with a beautiful view. We thought it would be our retirement home, but life had different plans. Now ...

Downsizing and walking away with $550,000 in profit can transform a retirement plan or midlife reset, but it also raises the ...

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 ...

Stream NBC 5 for free, 24/7, wherever you are. When asked about the idea in the Oval Office on Tuesday, Trump told reporters, "we're thinking about that." "If the Fed would lower the [interest] rates, ...

If your home sale profit is above $250,000 or $500,000, you pay capital gains tax of 0%, 15% or 20%, depending on your taxable income. (You calculate taxable income by subtracting the greater of the ...

Years of soaring home prices have turned ordinary homeowners into accidental millionaires—and, in many cases, unexpected taxpayers. What used to be a concern only for the ultrawealthy or lifelong ...