【CNBC】How to avoid a tax bomb when selling your home

• Single filers may exclude up to $250,000 of capital gains on home sales profits, while married couples may subtract up to $500,000.
• However, median home sales prices have more than doubled over the past two decades, pushing some long-term homeowners over the thresholds.
• Sellers may lessen the tax bite by reducing profits with past home improvements, among other tactics, experts say.

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