The sale of your home is subject to a capital gains tax. However, exemptions are available that can limit the amount of taxes you pay. If you are filing an individual tax return, your exemption is $250,000, which means that you won't need to pay taxes on up to $250,000 of your earnings from the sale of your home. Let's say that your earn $100,000 from the sale of your home. Because of the exemption, this money won't be taxed. In the event that you earn more than $250,000, the profits above $250,000 will be taxed at anywhere from 15% to 28%.