From Yahoo Finance: 2025-05-11 06:00:00

A couple, facing health issues in their retirement years, need to sell their home to move to assisted living. Concerned about capital gains tax, they can use the purchase price of the lot, construction costs, and home improvements to reduce taxes, potentially sheltering up to $500,000 in profits.

Another individual, a beneficiary in a will, is considering using the money to buy a car. While a car loan could boost their credit score, with a score just under 800, paying cash upfront may be the best option to avoid unnecessary interest charges.

In a separate scenario, a reader asks if their husband can receive their higher Social Security benefits if they pass away. If he has reached full retirement age, he can receive 100% of their benefits. If he hasn’t, the survivor benefit may be reduced for an early start.



Read more at Yahoo Finance: Some pointers on paying capital gains taxes from home sales