TAX BENEFITS TO HOUSING AND INEFFICIENCIES IN …

gains from home sales of up to $500,000 for married couples, and $250,000 for singles, are excluded from taxable incomeThe Office of Management and Budget projects that these . benefits to home owners will result in foregone tax revenues or “tax expenditures” – for the – 2014 fiscal year of over $200 billion, 2 ................
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