When selling your main home, there's a tax break that shields up to $250,000 of profits for single filers and $500,000 for ...

The Missouri House gave initial approval this week to a plan to eliminate the state’s capital gains tax. Capital gains are ...

Our panel of experts answers questions related to any aspect of personal finance. If you have a query, mail it to us right ...

After inheriting land in 2003 and partitioning it in 2010, the sisters must determine the indexed cost for capital gains tax.

For property bought prior to July 23 2024, the tax on LTCG is computed as lower of 12.5% (without indexation) or 20% (with ...

He may Gift the property to his daughter. Another way would be to transfer the property through Registered Sale Deed, BUT in ...

Under the new tax regime, as per Section 115BAC, taxpayers are required to forego many of the deductions available under the ...

Before we dive into the tax part, let’s go through how to calculate capital gains on the sale of a property. Essentially, this calculation figures out how much the property’s value grew from ...

Get a clear explanation of capital gains tax on inherited homes, including the role of basis, step-up, and exclusions.

JEFFERSON CITY — The Missouri House gave initial approval Tuesday to a plan to erase the state’s capital gains tax, potentially blowing a $334 million hole in the state budget. Under the ...