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Selling A Home: Will You Owe Tax on the Profit?

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the median price of homes sold in July of 2021 rose 17.8% over July of 2020. The median home price was $411,200 in the Northeast,...

Home Sales: How To Determine Your “Basis”

  The housing market in many parts of the country is strong this spring. If you’re buying or selling a home, you should know how to determine your “basis.” How It Works You can claim an itemized deduction on your tax return for real estate taxes and home mortgage...