06/04/2026
๐ก A Little-Known Tax Break for Surviving Spouses
If you've lost a spouse and are considering selling your home, there may be an important tax benefit available to you.
Under IRS Publication 523, a surviving spouse may still qualify for the full $500,000 capital gains exclusion when selling a primary residenceโeven after their spouse has passed away.
โ
The home is sold within 2 years of the spouse's death
โ
The surviving spouse has not remarried before the sale
โ
Ownership and residency requirements are met using the deceased spouse's qualifying time
This little-known rule could potentially save thousands of dollars in capital gains taxes.
Many families dealing with estate and probate matters aren't aware of this valuable exception until it's too late.
If you're handling an estate, inherited property, or considering selling a home after the loss of a spouse, it's important to understand all of your options before making a decision.
๐ Have questions about selling an estate or inherited property in Pennsylvania or New Jersey? Contact me, Robert S. Beck โ The PAHouseGuy, for guidance.
๐ฅ๐ผ๐ฏ๐ฒ๐ฟ๐ ๐ฆ. ๐๐ฒ๐ฐ๐ธ
Associate Broker, GRI
๐๐ฒ๐ป๐๐๐ฟ๐ ๐ฎ๐ญ ๐๐ป๐๐ฒ๐ด๐ฟ๐ฎ
(๐ฎ๐ญ๐ฑ) ๐ฎ๐ต๐ฌ-๐ณ๐ฎ๐ฌ๐ณ ๐๐ฒ๐น๐น
(267) 352-8000 Office
[email protected]
Pahouseguy.com
