on the sale of a homeare excluded from taxable income. This increases to $500,000 for those who are married and filing jointly.45The seller must have owned and lived in the home for two years or more during the five years ending on the date of the sale to qualify for this tax break...
500 for single taxpayers and married couples filing separately, above $30,750 for heads of household and above $41,000 for married taxpayers filing jointly and qualifying surviving spouses