Will I pay more taxes if is sell my home?  Tax laws have changed and sellers may find it easier to comply with tax rules when selling their home.  If the home has been your primary residence for two years and you have owned the home for five years, you do not have to pay tax if the profit is $250,000 or less for a single tax filer, or $500,000 for married people filing jointly.  You should always consult a tax professional if you’re ever in doubt.