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To: Eleutheria5

If you are under the limit of $250K capital gain for singles and $500K for couples, there is no tax. I haven’t seen any home sales tax relief based on one’s age. There are age requirements to tap retirement accounts without a penalty.


132 posted on 04/19/2024 3:53:31 AM PDT by EVO X ( )
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To: EVO X

Well, when I took my course in taxation, the state of the law was different. Fortunately, I never became a CPA. I might have been more up to date, but not my idea of a life. Accounting. Bleah.


135 posted on 04/19/2024 5:05:22 AM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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