Capital Gains Tax Rate 2024 Home Sale By Owner. In 2024, capital gains on assets that are held over one year are taxed at the following brackets: What are the major changes brought about in the taxation of capital gains by the finance (no.2) bill, 2024?
The irs allows taxpayers to exclude certain capital gains when selling a primary residence. This publication explains the tax rules that apply when you sell or otherwise give up ownership of a home.