Home-sale capital gains up to $500,000 remain tax-free since 1997

Evidence

The law was passed in 1997,31 eliminating the age restriction and increasing the exclusion again, to 500,000 for a married couple and 250,000 for a single person. This structure remains in place today: If you sell your house at a gain, you get to keep up to half a million dollars tax-free. — Dorothy A. Brown, Getting to Reparations, 1252

Categorization

• QUESTION: This is a load-bearing asymmetry for the reparations case — worth checking current law precisely (e.g., the 2-of-5-years occupancy rule) before defending in a brief.