The $250,000/$500,000 exclusion for gain on the sale of a personal residence is only available to taxpayers who are age 55 or older.

Name: The $250,000/$500,000 exclusion for gain on the sale of a personal residence is only available to taxpayers who are age 55 or older.
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The $250,000/$500,000 exclusion for gain on the sale of a personal residence is available to taxpayers of any age as long as they meet the ownership and use requirements.

The $250,000/$500,000 Exclusion for Gain on the Sale of a Personal