🏡 Equity Shouldn’t Be Taxed: Why Capital Gains Reform Matters for Little Rock Homeowners
🏡 Equity Shouldn’t Be Taxed: Why Capital Gains Reform Matters for Little Rock Homeowners By Walter Washington, MPA, REALTOR®, C2EX®, AHWD®, ABR® United Real Estate Central Arkansas | Your Real Estate Advocate In Little Rock and across the country, homeownership has long been considered the foundation of the American Dream. For many, it's not just about property—it's about belonging , stability , and the ability to build generational wealth . But there's an often-overlooked federal policy that’s quietly threatening that dream for many Arkansans: the outdated capital gains tax exemption on home sales . 🔍 What’s the Problem? If you sell your primary residence and earn more than $250,000 (as an individual) or $500,000 (as a couple) in profit, you could face a significant capital gains tax bill—even if you’ve simply lived in your home for decades and watched values rise. These exemption limits haven’t been updated since 1997 . To put that into context: The median...