$250K Tax free gains...

[Josh Wallace]

Good Afternoon BP!

I need some help. I am drawing a blank on the name/category of tax break individuals can receive after selling a home for a gain as long as it is their primary residence for 2 of the last 5 years at the time of sale. Whatever gain you make on the selling of the property will be tax exempt up to $250K individually, $500K if filing taxes jointly. I have read it on here before but am having a hard time locating the information again. Thanks for your help!