Capital Gains Tax Rate 2024 On Home Sales. You could owe capital gains tax if you sell a home that has appreciated in value because it is a capital asset. You will owe capital gains taxes on the net profit from the sale, but you will also owe gains on the cumulative depreciation benefits you have received while you.

That’s up from $44,625 this year. However, thanks to the taxpayer relief act of 1997,.