Several variables work into the capital gains tax calculation:

1. Property Tax Base/ Original Purchase Price
2. Sale price of the property
3. Total $ amount of home improvements made (kitchen remodel, new windows, see page 9 of IRS Publication 523, “Selling Your Home”  and consult your CPA or certified financial planner)
4. How you own the property: as a married couple or single person ($500k/$250K tax exemption)
5. Your tax bracket** (based on income level) which INCLUDES your home sale profits for that tax year
6. Cost of sale

**Please consult your financial planner or CPA for the best answer in your situation. If you need a recommendation, please contact me.

For a very general estimate of your potential capital gains, contact me.

OTHER RELATED TOPICS

1. Visit our seller resources pages for more information.
2. Watch videos I have created to answer common long-term homeowner questions
3. Concerned about your property tax transfer? Read more.
4. Read a financial advisors take on capital gains and the different tax rates.
5. Read more about the tax implication of selling your home in the IRS Publication 523, “Selling Your Home”
   
6. If an original owner of the property is now deceased, please consult the Step-up Tax basis page to see if you can benefit from this tax law.
7. Read about the custom marketing that the Homeowner Experience team offers.
8. What is the current real estate market?
9. Do you have more questions? Setup a time to meet with Theresa.