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Many retirees are unaware of an important IRS home-related tax rule that could significantly affect their tax return. Whether you're selling your home, claiming property tax deductions, or managing retirement income, understanding this rule is essential to avoid costly mistakes. In this video, we explain how the IRS treats home sale capital gains exclusions, property tax deductions, residency requirements, and reporting obligations for seniors. We also cover common filing errors retirees make and how to stay compliant while protecting your retirement savings. If you own a home and receive Social Security or retirement income, this update could directly impact your finances. Subscribe for ongoing IRS updates, Social Security news, and retirement tax guidance. #IRSUpdate #RetireeTaxes #HomeTaxRule #SeniorFinance #RetirementPlanning #TaxTips