As a local Realtor, I can tell you that many seniors are aging in their houses because they don’t want to pay capital-gains taxes (“America’s Housing Crisis Isn’t Going Away—Even With Rate Cuts and Help From D.C.,” Cover Story, Sept. 13). Keep in mind that many of these ...
Prior to the passage of the Taxpayer Relief Act of 1997, qualifying homeowners age 55 or older weren't required to pay taxes on the sale of their primary home. When the act passed, it stripped the age requirement out of the home sale exemption. Do Seniors Get Exemptions on the Sale of ...
Raising Capital Gains Exclusion Could Help Seniors Pay for Long-Term Health CareKenneth R. Harney