Illinois tax deductions home sale

Maximizing Returns: Tax Deductions for Home Sellers in Illinois

Selling your home in Illinois can have significant tax implications, but understanding the available deductions can help you maximize your returns. In this guide, we’ll explore the tax deductions available to home sellers in Illinois, empowering you to make informed financial decisions and optimize your tax savings. 1. Capital Gains Exclusion One of the most significant tax benefits for home …