Senior Series – Capital Gains & VA Disability Benefits

If you're a veteran—or the spouse of one—selling your primary residence can come with extra financial advantages. Among these are the standard capital gains exclusion and powerful extensions tied to VA disability and military relocation. Here's what you need to know:

1. Federal Capital Gains Exclusion (Section 121)

Seniors selling their primary residence may be able to exclude up to $250,000 (single) or $500,000 (married filing jointly) in capital gains—if they've owned and lived in the home for at least 2 of the last 5 years.

2. Military Extension: More Time to Qualify

Veterans with Permanent Change of Station (PCS) orders can pause the 5-year residency test for up to 10 extra years. This means you only need to have lived in the home for 2 of the last 15 years to qualify for the exclusion—a major advantage in managing frequent relocations.

3. VA Disability and Tax Advantages

VA disability compensation is not taxable income, which can lower your overall tax burden when selling your home. Additionally, disabled veterans may have special considerations related to capital gains and tax filings.

In Summary

Scenario	Benefit
Standard residency met	$250K/$500K exclusion on capital gains
Veterans with PCS	Extended timeframe for exclusion (2 of last 15 years)
VA Disability	Non-taxable disability benefits & potential tax planning advantages

Why This Matters for Seniors and Veterans:Capital gains tax can take a significant chunk out of your proceeds—but with the right steps, veterans may unlock extended eligibility and maximize savings. Ready to explore your specific situation?

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