This capital gains tax exclusion enables homeowners who meet specific requirements to exclude up to $250,000 (or up to $500,000 for married couples filing jointly) of capital gains from the sale of their primary residence.
A year has passed since Anna first sat across from me, exhausted, grieving, and overwhelmed by a world she never expected to navigate alone. I remember her walking into that first meeting with a folder full of unopened mail and a heart full of fear.
A Total and Permanent Disability Discharge is often under considered, but offers a pathway to financial relief and piece of mind.
This year, you may want to consider whether to make your charitable gifts before the end of 2025, or wait until 2026. This is due to the July passage of OBBA, the “One Big Beautiful Bill Act”
“I don’t know where to begin.” Anna: "Rick, I sit down to sort things out and I freeze. I’m terrified of making the wrong decision. I get unsolicited advice from family members and friends on what I should be doing. My brother-in-law tells me I should sell the house."