Are you selling your home? Here are some tax facts from the Internal Revenue Service:

•In general, you are eligible to exclude from your income all or part of any gain from the sale of your main home if you have owned and used it as your main home for at least two years out of the five years prior to its sale.

•If you have a gain from the sale of your main home and you meet the previous test, you may be able to exclude up to $250,000 of the gain from your income or $500,000 on a joint return. The exclusion may be claimed each time that you sell your main home, but generally no more often than once every two years.

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