Since everyone loves tax free money, I thought I would share one of the few tax free options in real estate. The homeowner’s principal residence tax exemption is one of the few places in the IRS code that an owner can qualify for tax free sale. Understanding who and when you can qualify for the $250,000 or the $500,000 homeowners exemption is always a part of the selling process.

Helping to answer some of those real estate tax related questions is longtime CPA Don Pyne. Today’s video tackles the questions such as when and who qualifies for the tax exemption? How does the surviving spouse rule work? How long you can rent your property for before you would lose your exemption?