The American dream of homeownership has been a way to build wealth for decades as people pay down their debt while their homes appreciate in value. The result is a nice home equity nest egg — especially for seniors who have owned homes for many years.

But an outdated tax law could claw back much of these gains when seniors go to sell their properties, as a recent Realtor.com article points out.

The home equity tax is just that — what you have to pay the IRS when you go to sell. It was originally meant to shield middle-class homeowners from being details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com