121 Home Sale Exclusion California

Understanding the California 121 Home Sale Exclusion Selling your California home? You may be able to significantly reduce your tax bill using the Section 121 home sale exclusion. This guide explains how to navigate this valuable tax benefit and maximize your savings. Did you know that single filers can exclude up to $250,000 of profit, while married couples filing jointly can exclude up to $500,000? This significant tax break can make a substantial difference in your financial outcome....