As President Donald Trump weighs ending capital gains taxes on home sales to bolster the housing market, experts say it’s possible to lower your bill without legislative changes.
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 exceeds $250,000 for single filers or $500,000 for married couples filing together.
Trump floats ‘no tax on capital gains’ for home sales. Here’s who could benefit
Student loan forgiveness paused for borrowers on IBR plan. Here’s what to know
