Sale of primary residence capital gain?

When you sell your primary residence, you may be subject to capital gains tax on any profit made from the sale. However, individuals can exclude up to $250,000 of capital gains ($500,000 for married couples filing jointly) if they meet certain conditions, such as living in the home for at least two of the last five years. It's important to keep records of your purchase price, improvements, and sale price to accurately calculate any taxable gain. Always consult a tax professional for personalized advice based on your specific situation.