Types Of Bankruptcy

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January 19th, 2007

Sales Harbor Some of Homeownership’s Biggest Tax Advantages

Third in a series of articles. When there is an income tax, the just man will pay more and the unjust less on the same amount of income.—Plato, “The Republic” One of the biggest tax advantages of homeownership comes when you sell. In general, if you file a joint tax return with your spouse, you can exclude up to $500,000 of your profit on the sale of your principal residence.

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