selling a home under age 55

08-13-2005, 04:42 AM

peepershops peepershops is offline

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Join Date: Aug 2005

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selling a home under age 55

What is the name of your state?
Massachusetts

I would like to know if Massachusetts still has a capital gains tax for people who sell their homes under the age of 55. I know the federal tax law excludes the first $250,000 regardless of age or whether you are buying a new home or not. I've been living in my house for 10 years and would like to consider selling next year but don't want to pay outrageous capital gains tax to Mass income taxes.

Thank you

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