Capital Gains Tax Rate 2024 Home Sale.  — if you sold the house for $912,000, your capital gain could be $306,000, which would be well below the $500,000 exemption you could take if you sell the house.  — the tax is levied on profits made from the sale of assets, such as a second home.

This is a simple update on the capital gains tax rates for 2024, particularly in the sale of real estate.  — capital gains tax is levied by the irs on the sale of investments.