Homeowners Face a Stiff Penalty for Staying in Their Homes Too Long—a Hidden Home Equity Tax
Millions of American homeowners are sitting on a hidden tax burden they never planned for—one that threatens their hard-earned home equity and, at the same time, is tightening the nation’s already strained housing supply. Today, roughly 1 in 3 homeowners—nearly 29 million households—have built up more home equity than the federal capital gains tax exclusion…