This Calculator allows you to determine an estimated capital gains tax due on the sale of your principal residence. Generally, the current federal law limits on how much profit you can make on the sale of your principal residence (that you have held for at least two(2) years) before you pay capital gain tax is $500,000 for married couple and $250,000 for a single homeowner. However, if you are moving due to job relocation, a change in health, or some other unforeseen circumstance, you may be eligible for partial exclusion even if you have owned the home for less than two(2) years. There are some limits. There are many exclusions which could affect your results and each individual's tax situation is different. Therefore these results can not be relied upon for tax purposes or advice. You should consult your tax advisor before entering into any agreement or transaction that may affect your tax liability. This is for educational purposes only. Purchase Price Improvements Sales Price Federal Tax Bracket 15.0% 28.0% 31.0% 36.0% 39.6% State and Local Tax Rate Time Held Over one(1) year One Year or Less Principal Residence for at least two(2) of the last five(5) years Yes No Marital Status Single Married Results: Gain on Home Sale Automatic Exemption Tax Free Gain Total Capital Gain Tax Due Total Net Gain