Selling a second home can trigger up to 20% in capital gains tax. Learn the proven ways to cut, defer, or avoid this tax hit.

Selling your home can have tax consequences if its value has gone up. The IRS offers an exemption that lets you exclude some of the profit from capital gains tax when selling your primary residence, ...

If you’re proactive, there are smart, legal ways to reduce capital gains taxes and keep more of what you’ve built. If you’ve experienced a successful exit from selling your business, stepping away ...

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 ...

Note, however, that the exclusion amount hasn’t changed since 1997. The median home price in the U.S. is over $400,000, and ...

Starting in the 2025 tax year, Missouri will allow individuals to deduct 100% of capital gains reported on their federal tax return from their state taxable income, effectively eliminating the capital ...

If you live in Missouri, you'll no longer have to pay taxes on profits from the sale of stocks and property, while two other states have done the opposite. If you have a brokerage account or ...