when do you pay taxes on home equity Will I pay income taxes on the sale of my home? – MONEY – Whether you’ll pay taxes-and if so, how much-depends on how long you’ve been in your home. If you’ve lived there for at least two of the last five years, you can pocket up to $250,000 in profits tax-free; $500,000 for couples filing jointly.

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Any suggestions on buying a house for first time home buyer. – If you have bad credit and collection accounts not paid off that last thing you should be doing is looking into buying a house. The timing is not good. yeah, it would be nice to take advantage of the 8k credit.

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