Capital Gains Tax Rate 2024 House Sale. The irs taxes capital gains at the federal level. For the 2024 tax year, you won’t pay any capital gains tax if your total taxable income is $47,025 or less.

The biggest question at tax time for someone who recently sold a home is whether they’ll have to pay federal capital. The capital gains tax is calculated based on the profit from the sale, taking into account the property’s adjusted basis.