fromSFGATE
3 days ago20.4% of Homeowners in Pennsylvania Will Face a Hidden Home Equity Tax If They Sell
Many Pennsylvania homeowners could face a sizable tax hit when they finally decide to sell due to outdated capital gains tax exemptions. 20.4% of homeowners in the state now have more home equity than the federal government allows to be excluded from taxes, which leads to significant financial implications for those looking to utilize their home equity.
Real estate