What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...

Financial Q&A | How does the step-up in cost basis work with inherited money and property?

Although a thoughtful and generous gift from a loved one, inheriting property can stir up many emotions, blending fond memories with the uncertainty of managing an unexpected asset. Deciding whether ...

As of 2025, it's $19,000 per recipient. The step-up in basis tax provision for homes can dramatically reduce the amount of taxes your heirs pay when they sell inherited property. This rule adjusts the ...