The answer to this question depends on many factors, including the purchase price of your home, the value of your home at the time of sale, and whether you have made any improvements to your home. Generally speaking, however, if you sell your home for more than you paid for it, you may be subject to capital gains taxes. However, there are some exemptions and deductions that may apply in your situation, so we encourage you to speak with a tax professional to determine if you will owe any taxes on the sale of your home.