You may be at the stage in life where your kids are out of the house—or perhaps you’re just looking for a change—and want to downsize your home. There’s no question that downsizing can have many financial advantages. A smaller house can mean less upkeep, lower monthly expenses—and maybe even potential cash from a sale.

But before making a decision, it’s important to assess how taxes could come to play a part. Will selling your home be worth it if it comes with a big tax bill?

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