When you're planning for the future after you're gone, one of the most important decisions you'll face is how to pass on your assets. In some cases, a will is enough. In others, a trust can offer more control and potential tax benefits. Each option serves a purpose, but they are structured differently and have different tax consequences.

For many individual taxpayers and small business owners working to navigate the ever-shifting financial landscape, the term "capital gains" looms like a shadow.  Fear not, though; unmasking this particular beast is simpler than you might think. Learn how to solve the mysteries of capital gains taxes, explore calculation methods, and uncover strategies to potentially minimize their bite.

Selling a home is a major financial milestone, but it can come with some profound tax implications. Capital gains taxes are applied to the profits earned on an asset sale, including real estate. Learn more about the intricacies of exemptions and tax liability minimization strategies. So precisely how are capital gains taxes calculated when you sell a home?