Do senior citizens have to pay capital gains tax?
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Studied at Yale University, Lives in New Haven, CT
When you sell a house, you pay capital gains tax on your profits. There's no exemption for senior citizens -- they pay tax on the sale just like everyone else. If the house is a personal home and you have lived there several years, though, you may be able to avoid paying tax.Jun 27, 2017
2023-06-17 09:00:23
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Aiden Wilson
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When you sell a house, you pay capital gains tax on your profits. There's no exemption for senior citizens -- they pay tax on the sale just like everyone else. If the house is a personal home and you have lived there several years, though, you may be able to avoid paying tax.Jun 27, 2017