Uploaded April 2026 | Updated September 2026, 3 weeks ago
A lot of homeowners end up overpaying taxes when they sell; and most don’t even realize it. Today, I’m breaking down a simple mistake that can cost you thousands: not tracking your home improvement expenses. When you sell your primary residence, you may be able to exclude up to $500,000 in gains if you’re married or $250,000 if you’re single—but with how much home values have increased, many people still end up owing taxes. I’ll walk you through an example of how that works, and more importantly, how keeping records of qualifying improvements like kitchens, HVAC, windows, and additions can increase your cost basis and reduce what you owe. Because a few saved receipts today can make a big difference when it’s time to sell.
Follow my page for clear, no-fluff financial planning steps!
Visit for more - wealthrb.com
Securities offered through LPL Financial, Member FINRA/ SIPC. Investment advice offered through IHT Wealth Management, a registered investment advisor. IHT Wealth Management and RB Wealth Partners are separate entities from LPL Financial.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.
#CFP #Financialplanner #retirement #retirementincome #IRS #retirementfinancialplanning
A lot of homeowners end up overpaying taxes when they sell; and most don’t even realize it. Today, I’m breaking down a simple mistake that can cost you thousands: not tracking your home improvement expenses. When you sell your primary residence, you may be able to exclude up to $500,000 in gains if you’re married or $250,000 if you’re single—but with how much home values have increased, many people still end up owing taxes. I’ll walk you through an example of how that works, and more importantly, how keeping records of qualifying improvements like kitchens, HVAC, windows, and additions can increase your cost basis and reduce what you owe. Because a few saved receipts today can make a big difference when it’s time to sell.
Follow my page for clear, no-fluff financial planning steps!
Visit for more - wealthrb.com
Securities offered through LPL Financial, Member FINRA/ SIPC. Investment advice offered through IHT Wealth Management, a registered investment advisor. IHT Wealth Management and RB Wealth Partners are separate entities from LPL Financial.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.
#CFP #Financialplanner #retirement #retirementincome #IRS #retirementfinancialplanning
