When selling a primary residence, homeowners often ponder the implications of capital gains tax on their profits. If a homeowner sells their property and realizes a profit of $1 million, they may face a significant tax bill. The amount of tax owed can range from tens of thousands to a hundred thousand or more, depending on various factors. One of the most significant factors is your income. Homeowners need to understand the components of this tax calculation and consider consulting a financial aClick Here To Get Funded!