2024 Tax Married Jointly Owned. If you meet those rules, you can exclude up to $250,000 in gains from a home sale if you’re single, and up to $500,000 if you’re married filing jointly. In case of sale of such jointly owned house property, the capital gain arises to all the joint owners in the proportion of their share in the property.

Find the current tax rates for other filing statuses. And such assets can be owned in their.