• 157 \\ Capital Gains Tax on Your Home Sale? Here’s How to Legally Reduce Your Bill

  • Nov 18 2024
  • Length: 16 mins
  • Podcast

157 \\ Capital Gains Tax on Your Home Sale? Here’s How to Legally Reduce Your Bill

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  • Summary

  • In this episode, we dive into the tricky world of taxes after selling your home at a big profit. With housing prices high, many people are making great returns, but are caught off-guard by large tax bills. I share a real-life case where my client made $800,000 on a home sale and wanted to keep as much of it as possible.

    We discuss key strategies, like the IRS’s $500,000 capital gains exclusion, options for reinvesting gains, and other powerful ways to cut down tax bills. Plus, I cover the pros and cons of investing in Qualified Opportunity Zones and oil and gas strategies to minimize taxes. If you’re looking to sell your home and want to keep more in your pocket, this episode is packed with practical, money-saving tips that anyone can use.

    Listen in and learn how to keep more of what you earn!

    Next Steps:

    ☎️ Find out how much you're overpaying in taxes every year! Schedule a FREE discovery call to find out --> https://phillipsbusinessgroup.com/

    📧 Contact Me --> hello@phillipsbusinessgroup.com

    📲 Follow me on IG @ the.tiffany.p.cpa
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