Capital Gains Tax Rate 2024 Selling Home Sale. The capital gains tax is a tax on any capital gains you make during a tax year. Taxes apply to assets that have been realized, or sold, and the.

For the 2024 tax year, you won’t pay any capital gains tax if your total taxable income is $47,025 or less. Homeowners can take advantage of the capital gains tax exclusion when selling a vacation home if they meet the irs ownership and use rules.