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Use HomeGain's Capital Gains Calculator to determine if your gain is tax free or how much capital gains tax is owed from the sale of a property. The current federal limit on how much profit you can make on the sale of your principal residence (that you have held for at least 2 years) before you pay capital gains tax is $500,000 for a 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 2 years. There are some limits. Consult your tax advisor. Looking to sell your house? Check home prices and connect with a local realtor to sell your current house and to buy a new one.