Timing and Taxes: Two Critical Issues when Buying or Selling a Home

May 7, 2018
Home Sales

Though the home sale gain exclusion rules haven’t changed, some home-related deductions have been temporarily restricted or eliminated under the new tax law.

You might be in a rush to buy or sell a home before summer starts or interest rates increase even more. But, first, it’s important to review the tax rules related to home sales and deductions for mortgage interest, property taxes and work-related moving expenses. Beware: Some rules have changed under the Tax Cuts and Jobs Act (TCJA). Read more