Do I have to pay capital gains tax when I sell my home? For many homeowners, the answer is no.

The federal home sale exclusion. If you owned and lived in your home for at least two of the last five years, you may be able to exclude up to $250,000 of profit if you’re single, or up to $500,000 if you’re married and file jointly. Profit above that may be taxed.

What about Washington’s capital gains tax? Washington has a state capital gains tax, but the sale of real estate is exempt from it, according to the Washington State Department of Revenue.

Keep your receipts. Records of improvements you’ve made over the years can lower your taxable gain.

Every situation is different. Before you sell, talk with your tax advisor.

See also: How Much Does It Cost to Sell a House in Tacoma, Washington?