Are you a homeowner in San Diego🏡
If so, chances are you have gained a lot of equity on your home in the last few years!
I like to inform my clients about their capitol gains exemptions. Every home owner is entitled to a tax exemption for single owners up to $250,000 and married owners that file jointly up to $500,000. 💰
This is tax free profit that you get for selling your home. Once you exceed these profit level you are subject to taxes on the remaining profits.
If you are thinking about selling your home, and you’re close to exceeding these tax exemption profit levels, you can start the clock all over again on a new property.
If you want to know more about your selling options, watch this video below 👇
