Nearly 50% of Arizona homeowners face a steep tax if they sell. Here’s why
AI-assisted summary Nearly half of Arizona homeowners have over $250,000 in home equity, potentially triggering capital gains taxes upon sale. Current capital gains exemptions allowed single filers to profit up to $250,000 and joint filers up to $500,000 tax-free. The More Homes on the Market Act proposed doubling these limits to address concerns about hindering…