Skip To Content

    Accumulate Wealth

    A home is a great way to accumulate wealth because of appreciation and amortization, while all or most of the gain is excluded from tax.

    Up to $500,000 of a capital gain on the sale of their home for couples filing jointly and $250,000 for single filers is excluded from income tax if they own and use it as their principal residence for out of 5 of the previous years.

    Trackback from your site.

    Leave a Reply