Avoid Paying Taxes!

I know, it sounds too good to be true, right? While you can't get out of paying that property tax bill you recently received, you may not have to pay taxes on the increase in value of your home when you sell it. Certain requirements must be met, but the bottom line is that an individual can take a $250,000 gain on a home sale, and pay NO tax on that gain. There is a good article on the Motley Fool's web site which gives some of the basics. Click here to read it, and talk to you tax professional for more information.