47.2% of Homeowners in Rhode Island Will Face a Hidden Home Equity Tax If They Sell
Nearly half of Rhode Island homeowners could face a surprise tax bill upon selling their homes due to accumulated equity exceeding federal capital gains tax exclusions.
7.9% of Homeowners in Mississippi Will Face a Hidden Home Equity Tax If They Sell
In Mississippi, a hidden home equity tax is emerging, affecting nearly 8% of homeowners due to outdated capital gains tax thresholds that fail to account for inflation.
47.8% of Homeowners in Florida Will Face a Hidden Home Equity Tax If They Sell
A federal capital gains exclusion rule from the 1990s is quietly hitting sellers in the Sunshine State with what economists call a hidden home equity tax.
